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Legal suite

$294,900

145 Edgewood Dr

Save this home

Beds

0

Baths

Sqft

Year

Type

Vacant Land

Suite

Legal suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lake Cowichan. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to Trails Edge, a well-planned community nestled in the heart of Lake Cowichan. This level, 7,187 sq.ft. freehold lot is ready for your vision and ideally situated to capture beautiful mountain views in a peaceful, family-oriented neighbourhood. Enjoy the convenience of modern infrastructure, including underground services, sidewalks, and street lighting, all designed to enhance everyday living. Outdoor recreation is right at your doorstep, with the Cowichan Valley Trail bordering the development — perfect for hiking, cycling, and year-round exploration. Lake Cowichan offers a laid-back lifestyle with a welcoming community and access to one of Vancouver Island’s most scenic lakes, ideal for swimming, boating, and fishing during the warmer months. Bring your builder and start creating your dream home in this exceptional location. R-3 Zoning allows for legal suite or coach house. (id:65958)

Subtype
Vacant Land
Community
Lake Cowichan
Common interest
Freehold
Lot size
7,187 square feet
Lot dimensions
7187
Parking
4 total
On market
Apr 2, 2026
Status changed
Apr 21, 2026
Annual tax
$2,438.3
Zoning
Residential
Photos
15
MLS#
1030492
Area
LAKE_COWICHAN

Features and systems

Lot

Level lotSouthern exposureOtherMarine Oriented

View

Mountain view
Negative cash flow ~$93/mo at these assumptions

Cash on cash

-1.89%

Cap rate

4.49%

GRM

13.8

Break-even rent

$1,873

Financing

Down payment$58,980
Loan amount$235,920
Mortgage$1,195/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$135
Insurance$80
Maintenance$246
CapEx reserve$123
Vacancy loss$89

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,195/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.

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