Most Expensive Places to Live on Cowichan Lake
It Is the Shoreline, and Then It Is the ExposureMost expensive places to live on Cowichan Lake is a short answer: the waterfront, and within the waterfront, the stretches that face the afternoon sun with level ground down to the water. Everything else on this lake, however good the house, sits below that.
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The strongest frontage tends to be on the north shore at Youbou, where the lots look south across the lake and hold sun late into a summer evening, and on the pockets of the south shore near Honeymoon Bay where the bank flattens out. Deep water off the dock, a protected bay and a gentle approach to the beach are what separate one waterfront property from the next.
After frontage the premium comes from year round usability. A well insulated house with a heat pump, a reliable well, a publicly maintained road and a dock with a tenure in good standing will outprice a beautiful seasonal cabin every time, because it appeals to both the full time buyer and the recreational one rather than only the second.
At this end the diligence changes. There may be only a handful of comparable sales in a year, so an appraisal can land below the accepted price and the financing needs room for that. Foreshore tenures, well flow, septic capacity and insurance in the wildfire interface all need to be confirmed in writing during the condition period. None of it is difficult. All of it is expensive to discover afterwards.