$949,000
1 7470 Cottage Way
Beds
3
Baths
3
Sqft
—
Year
2022
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Surrounded by breathtaking lake and mountain views, this south-facing, low-maintenance waterfront getaway sits on idyllic Cowichan Lake. Located on the west arm’s sunny side, it enjoys sun from early morning to sunset and offers private lake access with a large personal beach, boat slip, kayak storage, and secure lockers for all your water toys on the private wharf. The spacious 3-bedroom, 3-bathroom end unit features contemporary design and modern comforts, including a heat pump, air conditioning, wood pellet stove, quartz countertops, and lakeview balconies on both the main and lower levels. Additional highlights include secured bike storage and a golf cart for owner use. Hike Bald Mountain from your back door, with endless outdoor adventures, and town amenities nearby. Located in CVRD Area I, the property is exempt from speculation tax and the foreign buyer ban, presenting an excellent investment opportunity in one of Vancouver Island’s most desirable lakefront locations. (id:65958)
- Subtype
- Single Family
- Architectural style
- Contemporary
- Structure
- Row / Townhouse
- Community
- Woodland Shores
- Common interest
- Condo/Strata
- Living area
- 1,777 square feet
- Lot size
- 1,808 square feet
- Lot dimensions
- 1808
- Parking
- 2 total
- Condo/HOA fee
- $360 monthly
- Fireplace
- 1
- On market
- Jan 28, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $6,137.26
- Zoning
- Residential
- Photos
- 47
- MLS#
- 1024485
- Area
- LAKE_COWICHAN
Features and systems
Appliances
Heating
Cooling
Lot
Community
View
Waterfront
Cash on cash
-11.67%
Cap rate
3.55%
GRM
16.6
Break-even rent
$6,694
Financing
Operating expenses (monthly)
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.
Lifestyle 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.
Mortgage estimate
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.