1 / 24

Investment signal

$289,000

101 3215 Cowichan Lake Rd

Save this home

Beds

Baths

Sqft

—

Year

1992

Type

Single Family

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Duncan. 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 PREVOST PLACE - WHEEL CHAIR FRIENDLY PLUS BACKYARD SPACE - a bright and airy 2 bedroom - 2 full baths, corner suite with no step entry and a private outdoor backyard and patio. Lots of features and upgrades here - all appliances have been replaced, new hot water tank, new range hood, new vinyl plank flooring and a window air conditioning unit . Open plan kitchen, dining and living room are east and south facing bringing in heaps of natural light. Kitchen countertops have recently been replaced and there is lots of cupboard space. Door in living room leads to your own outdoor space with private covered patio area and private grassy area. Like having your own backyard! Added bonus of your own green space - perfect for bbqs and outdoor living. Primary bedroom has large walk in closet and 4 piece ensuite . Lots of closets space in entrance hallway including large walking storage closet. Pet and kid friendly! Comes with 2 parking spots. Perfect for first time buyers, investors, retirees or downsizers. No Rental restrictions so makes for an ideal investment opportunity. Low taxes! Walking distance to shopping, and amenities . Close to schools, recreation and hospital. Come view today - easy living at a great price! (id:65958)

Subtype: Single Family
Structure: Apartment
Community: Prevost Place
Common interest: Condo/Strata
Living area: 796 square feet
Parking: 2 total
Condo/HOA fee: $305.38 monthly
On market: Feb 27, 2026
Status changed: Apr 26, 2026
Annual tax: $2,146
Zoning: Multi-Family
Photos: 24
MLS#: 1027185
Area: DUNCAN

Features and systems

Appliances

WasherRefrigeratorRange - ElectricDishwasherRangeDryerMicrowave

Heating

Baseboard heaters

Cooling

Window air conditioner

Lot

Central locationLevel lotSouthern exposureOtherMarine Oriented

Community

Family OrientedPets Allowed

Security

Fire alarm system

Positive cash flow ~$60/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

1.24%

Cap rate

5.11%

GRM

12.7

Break-even rent

$1,837

Financing

Down payment$57,800

Loan amount$231,200

Mortgage$1,171/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$132

Insurance$80

Maintenance$241

CapEx reserve$120

Vacancy loss$95

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 $1,171/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.