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Investment signal

$1,199,000

1721 Wilmot Rd

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Beds

Baths

Sqft

—

Year

1977

Type

Single Family

Suite

Suite potential

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Location nearby

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

About this home

Ocean View Home In The Heart Of Cowichan Bay. This is not a drive by! This home has been totally renovated with high-end finishing throughout incl Italian imported kitchen & tile radiant floor. The beautiful kitchen has Corian countertops & high end appliances. An open concept main floor with sliding doors to the large deck & view of the mountains & ocean views. The heated floor throughout keeps it nice & warm. There are 2 big bedrooms on this floor, as well as a 4 pc bath with a big shower & Toto Japanese bidet. The railing for the stairs is from a local Salt Spring Artist. Downstairs has a Suite with kitchen & in suite laundry, ideal for guests or rental income. Outside you will find a carport & extra boat/RV parking. A fully fenced yard with garden beds, fruit trees, grapes & a shed. Other features inc custom solid fir doors, stretched ceilings, in-house workshop, roughed in for hot tub, h&c outside tap. Walk to Cowichan Bay village for shops, restaurants, kayaking and boating. (id:65958)

Subtype: Single Family
Structure: House
Community: Cowichan Bay
Common interest: Freehold
Living area: 2,184 square feet
Lot size: 5,227 square feet
Lot dimensions: 5227
Parking: 2 total
Fireplace: 1
On market: Dec 11, 2025
Status changed: Apr 26, 2026
Annual tax: $3,972
Zoning: Residential
Photos: 52
MLS#: 1021844
Area: COWICHAN_BAY

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersElectricOther

Cooling

None

Lot

Central locationOtherMarine Oriented

View

Mountain viewOcean view

Negative cash flow ~$1,288/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.45%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,356

Financing

Down payment$239,800

Loan amount$959,200

Mortgage$4,860/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$550

Insurance$80

Maintenance$999

CapEx reserve$500

Vacancy loss$300

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 $4,860/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 26, 2026.