5055 Cowichan Lake Rd

5055 Cowichan Lake Rd · Duncan · Vacant Land · $1,967,999 · MLS 995189

Duncan, British Columbia
C$1,967,999
For sale
5055 Cowichan Lake Rd

5055 Cowichan Lake Rd is located in Duncan. Property snapshot: Vacant Land, listed at $1,967,999, MLS 995189. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 90. Latest recorded list price 1967999.00.

List Price: $1,967,999
MLS: 995189
Days on Site: 90
Price History: Latest recorded list price 1967999.00

Local Decision Guide

How should buyers evaluate 5055 Cowichan Lake Rd?

Start by reading this listing in its Duncan context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5055 Cowichan Lake Rd?

This page shows a list price of $1,967,999 with MLS 995189.

What type of home is this Duncan listing?

The page shows Vacant Land at 5055 Cowichan Lake Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 90 days on market/site. Latest recorded list price 1967999.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Attention Investors & Developers.This type of property is hard to find. Sunny & Treed. Possible group purchase? Foreign Buyers Eligible. Only minutes from the New (& old) Hospitals, Town & Cowichan Lake. This is a rare opportunity. 48.8 wooded acres (approx. $40,000. per acre) zoned F-2A. NOT in ALR. Subdividable into 3 parts with conditions. (verify with CVRD). MOTT approved access off Cowichan Lake Road. Some RAR & work with CVRD done. The possibilities here are great! Vineyard possibilities. Very Nice Property. Sunny, warm & nice, gentle south facing property. Group purchase? Listing agent has owned this property for ~20 years. Price is + GST. Address is approximate. (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
2,125,728 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 28175879 (995189)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$1,967,999

Lot Area: 2,125,728 sf

PID: 009-845-526

Days on Site: 90 days

Added to Relistico: 2026-03-28

Updated on: 2026-06-09 10:01 AM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Shopping Centres
Vancouver Island Motorsport Circuit
About 4.9 km away
4063 Cowichan Valley Highway
Parks / Green Space
COWICHAN RIVER PARK
About 2.1 km away
Class A · 6161 · 00

Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Tue, 09 Jun 2026 09:33:06 AM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Pemberton Holmes Ltd. - Oak Bay

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