196 Elk Road, Lake Cowichan Lake Cowichan
Price
$849,995
Bedrooms4 Beds
Bathrooms3 Baths
Size5080 sqft
Year Built1991
Property TypeDetached Home
Property Taxes$5,112.17
Description
Welcome to this dream home with income potential, a 3,500+ sq. ft. residence boasting breathtaking views of the town and lake. Designed for both family living or investments, this property blends luxury with practicality. Inside, you'll discover a spacious, self-contained suite featuring 10-foot ceilings, 2 bedrooms, a private entrance, in-suite laundry, ample storage, a cozy pellet stove, separate hydro metre and a private patio—perfect for generating rental income or a space for extended family. The main home has been recently upgraded with an array of modern enhancements, including a new propane fireplace, a custom-built garage, and beautifully appointed spaces like a dressing room, mudroom, and laundry room. Fresh paint, new blinds, and upgraded flooring throughout give the home a stylish and turnkey-ready appeal. The exterior features cedar fencing, elegant stonework, and a new front lawn. Winding staircases lead you through the property, where you’ll also find a greenhouse and a fully integrated irrigation system to keep your landscape thriving. If you're seeking a bright, spacious, and meticulously updated home that can offer both comfort and financial benefits, this property is your perfect match. Don't miss out on this incredible opportunity to elevate your lifestyle and investment portfolio! (id:39198)
Listed By
The listing brokerage and/or agent is RE/MAX Generation - The Neal Estate Group
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Property Dimensions
The Property Location
Mortgage Calculator
$
$
%
$
$
Total Monthly Payment
$3,480 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$679,996
Total Interest Payments
$419,259
Total Payment (Principal + Interest)
$1,099,255
Cashflow Calculator
$
$
$
$
$
$
Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Related Properties
Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.