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Legal suiteNew build

$949,000

155 Maplewood Rise

Save this home

Beds

5

Baths

3

Sqft

Year

2026

Type

Single Family

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 155 Maplewood Rise in beautiful Lake Cowichan — a brand-new 2,087 sq.ft. two-level home offering quality craftsmanship, mountain views, and a fully self-contained legal suite. (New bill states - No GST for 1st time home buyers up to $1M) The main home features 3 bedrooms and 2 bathrooms upstairs, plus an additional bedroom on the entry level — ideal for families or a home office. The open-concept living area is bright and inviting, with south-, west-, and north-facing windows that capture stunning mountain views. An electric fireplace adds warmth, while luxury vinyl plank flooring runs through the main areas. The kitchen showcases quartz countertops, soft-close cabinetry, a flush-mounted fan with lighting, and full appliances. Step out to the north-facing deck — perfect for entertaining. The south-facing primary bedroom offers a walk-in closet and a spa-like ensuite with heated tile floors, dual sinks, tub with overhead light, separate shower, and remote lighted fan. Bedrooms are carpeted, with ductless heat pump comfort and supplemental electric heating. The fully separate, legally metered 1-bedroom suite includes its own heat pump, private laundry, quartz counters, full appliance package, and built-in desk — ideal as a mortgage helper or for extended family. Exterior features durable LP board-and-batten siding, an oversized single garage, and a fully fenced yard with landscaping to be completed. A quality new home with income potential in a peaceful mountain-view setting. (id:65958)

Subtype
Single Family
Structure
House
Community
Lake Cowichan
Common interest
Freehold
Living area
2,087 square feet
Lot size
6,457 square feet
Lot dimensions
6457
Parking
3 total
Fireplace
1
On market
Mar 3, 2026
Status changed
Apr 16, 2026
Annual tax
$2,401
Zoning
Residential
Photos
18
MLS#
1026649
Area
LAKE_COWICHAN

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveSee remarks

Heating

Heat PumpBaseboard heatersOther

Cooling

Air Conditioned

Lot

Level lotSouthern exposureOther

View

Mountain view
Negative cash flow ~$133/mo at these assumptions

Cash on cash

-0.84%

Cap rate

4.70%

GRM

13.9

Break-even rent

$5,840

Financing

Down payment$189,800
Loan amount$759,200
Mortgage$3,847/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435
Insurance$80
Maintenance$791
CapEx reserve$395
Vacancy loss$285

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 $3,847/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 16, 2026.

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