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New buildInvestment signal

$585,000

A 122 Plante Cres

Beds

3

Baths

2

Sqft

Year

2025

About this home

Discover effortless contemporary living in this brand-new 3-bedroom, 2-bathroom half duplex, thoughtfully crafted for comfort and ease. Enjoy full ownership with no strata fees, giving you flexibility without the added expense. Inside, large windows, soaring 9-foot ceilings, and an open-concept design create a bright, welcoming atmosphere. The kitchen is both functional and stylish, showcasing quartz counters, stainless steel appliances, and ample cabinetry. A high-efficiency heat pump ensures year-round comfort—cool during warm months and warm when the weather turns. Perfectly situated in a sought-after location, this home is just moments from the Trans Canada Trail and a short walk to river access, offering incredible convenience for nature lovers and those who appreciate an active outdoor lifestyle. Be the first to live in this modern, low-maintenance home in the heart of Lake Cowichan—your next chapter starts here. No Property Transfer Tax and GST rebate available to qualifying first time homeowners. Fencing and landscape package offered. (id:65958)

Subtype
Single Family
Lot size
3,205 square feet
MLS#
1023326
Area
LAKE_COWICHAN
Negative cash flow ~$1,172/mo at these assumptions

Cash on cash

-12.02%

Cap rate

3.49%

GRM

16.7

Break-even rent

$4,158

Financing

Down payment$117,000
Loan amount$468,000
Mortgage$2,871/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$268
Insurance$80
Maintenance$488
CapEx reserve$244
Vacancy loss$146

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $2,871/mo at 5.49% with 20% down, 25-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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