$1,595,000
5982 Mayo Rd
Beds
6
Baths
5
Sqft
—
Year
1990
Type
Single Family
Suite
Suite potential
Location 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.
About this home
Perched on a hilltop overlooking forests & mountains this lovely main lvl entry w/walkout basement home sits on a private 7.02 acre estate. The 4/5 bdrm, 3 bath main home features vaulted ceilings, tons of natural light & skylights, hardwood floors, oak kitchen cabinets, pellet stove, propane fireplace & lots of deck space. The second home has 2 bdrms, 2 baths, open concept living areas & is completely separate on the property. The property is mostly forested w/clearings around each home & there are trails all throughout. There is a large above ground pool w/wet bar, sauna & surrounding deck, 40x60 Quonset hut, detached dbl garage w/extra rooms, numerous outbuildings & includes 2 generators (1 w/auto transfer switch). Nature, trails, parks, the Cowichan River & Lake Cowichan amenities all at your doorstep. Ideal for multiple families, rental income or your own peaceful oasis. From the minute you enter the driveway, you will be pleased. There is extensive value here! (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Lake Cowichan
- Common interest
- Freehold
- Living area
- 4,357 square feet
- Lot size
- 7.02 acres
- Lot dimensions
- 7.02
- Parking
- 25 total
- Fireplace
- 3
- On market
- May 23, 2025
- Status changed
- Apr 24, 2026
- Annual tax
- $6,023
- Zoning
- Unknown
- Photos
- 99
- MLS#
- 1000911
- Area
- LAKE_COWICHAN
Features and systems
Appliances
Heating
Cooling
Lot
View
Cash on cash
-6.37%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,758
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: 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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.