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Investment signal

$275,000

4 3271 Cowichan Lake Rd

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Beds

Baths

Sqft

—

Year

1971

Type

Single Family

Suite

Investment signal

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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

Bright, beautifully updated, and easy to love, this 2 bed, 1 bath ground floor condo is a smart opportunity for first time buyers or investors seeking strong cash flow potential. Inside, you’ll find new flooring throughout, a renovated kitchen and bathroom, convenient IN SUITE LAUNDRY, new windows and slider door, and a newer heat pump for year round comfort and efficiency. The functional layout offers open concept living and dining, two well sized bedrooms, and easy ground level access. This well kept complex also benefits from a newer roof and newer deck, adding peace of mind. Complete with a storage locker by the front door and a walkable location near shopping, schools, trails, and soccer fields, this is a smart buy in one of Duncan’s growing west side neighborhoods. Contact Brock direct for a private viewing or more information (id:65958)

Subtype: Single Family
Structure: Apartment
Community: Maple Grove
Common interest: Condo/Strata
Living area: 698 square feet
Parking: 1 total
Condo/HOA fee: $296.65 monthly
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $1,825.83
Zoning: Residential
Photos: 13
MLS#: 1033235
Area: DUNCAN

Features and systems

Parking

Open

Heating

Heat Pump

Cooling

Air Conditioned

Lot

Central locationOther

Community

Family OrientedPets Allowed With Restrictions

View

Mountain view

Positive cash flow ~$141/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

3.07%

Cap rate

5.48%

GRM

12.1

Break-even rent

$1,752

Financing

Down payment$55,000

Loan amount$220,000

Mortgage$1,115/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$126

Insurance$80

Maintenance$229

CapEx reserve$115

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 $1,115/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 23, 2026.