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Investment signal

$239,900

5 8631 South Shore Rd

Save this home

Beds

2

Baths

1

Sqft

Year

2021

Type

Recreational

Suite

Investment signal

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

Welcome to Your Lakeside Retreat! Nestled in the picturesque landscape of Lake Cowichan, this prime location offers easy access to all amenities while offering a serene and private setting. Lot #5 presents ample space to build your dream vacation retreat, with access to the pristine waters of Beaver Lake, perfect for swimming, fishing, and relaxation. Included with the lot is a 2021 Forest River Rockwood 36’ Travel Trailer, featuring four-slide bunk model sleeping arrangements, a U-Dinette for group dining, and an outside camp kitchen. The large master suite offers great storage and a fully separate bunkroom boasts its own entertainment area. Beaver Lake Resort residents enjoy access to all amenities and hiking trails. Whether you seek a weekend getaway, family vacation home, or investment opportunity, Lot #5 at Beaver Lake Resort awaits your dreams. Contact us today to schedule a viewing and begin your journey to lakeside living at its finest. (id:65958)

Subtype
Recreational
Structure
Recreational
Community
Lake Cowichan
Common interest
Condo/Strata
Living area
366 square feet
Lot size
3,200 square feet
Lot dimensions
3200
Parking
2 total
Condo/HOA fee
$340 monthly
Fireplace
1
On market
Apr 17, 2026
Status changed
Apr 20, 2026
Annual tax
$35,274.25
Zoning
Commercial
Photos
63
MLS#
1032461
Area
LAKE_COWICHAN

Features and systems

Parking

Stall

Appliances

WasherRefrigeratorDryerMicrowave

Heating

Baseboard heatersElectric

Cooling

Air Conditioned

Lot

Level lotPark settingPrivate settingOtherMarine OrientedGated community

Community

Family OrientedPets Allowed With Restrictions

View

Lake viewMountain view

Waterfront

Waterfront on lake
Positive cash flow ~$343/mo at these assumptions

Cash on cash

8.57%

Cap rate

6.58%

GRM

10.5

Break-even rent

$1,539

Financing

Down payment$47,980
Loan amount$191,920
Mortgage$972/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$110
Insurance$80
Maintenance$200
CapEx reserve$100
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 $972/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 20, 2026.

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