Track houses with an existing or potential suite in Duncan, North Cowichan, Lake Cowichan, Crofton, Cowichan Bay and the rural valley, including asking-price ranges, price per square foot, days on market and active inventory for homes listed through the Vancouver Island Real Estate Board. All figures are built from current MLS® data and move as suited homes are listed, sold or repriced.
Cowichan Valley suite market caution: This category runs from a 1940s house with a basement suite in Lake Cowichan to estate homes and farms with a guest cottage in Cowichan Station or Mill Bay, so a few rural listings can lift the average well above a typical suited house in Duncan. Homes marked as having a potential suite may need major work and a permit. Compare homes of similar age, lot size and suite status.
Cowichan Valley Suite Home Market Houses with existing or potential suites from Duncan and North Cowichan to Lake Cowichan
How to Read the Numbers
Understanding Cowichan Valley Homes with Suites Data
Suited homes sit at the larger end of the valley’s house market, and the averages here reflect that.
01
More House in the Numbers
A suite adds bedrooms, bathrooms and floor area to the listing, so suited homes average more of each than other houses in the valley. That lifts the average price but often lowers the price per square foot compared with single-family homes nearby.
02
Duncan Area Leads
Most listings are in the City of Duncan and the North Cowichan neighbourhoods around it, with smaller numbers in Lake Cowichan, Crofton, Cowichan Bay and the rural areas. Rural homes with a guest cottage or second dwelling sit at the top of the range.
03
Permit Status Matters
An authorized, rented suite supports a higher price than unfinished space described as a potential suite, but the listing flag does not show which is which. Value depends on permits, rent and condition, not the label alone.
04
Active Listings, Not Sold Prices
These statistics describe current asking prices and days on market, not sold values. Valuing a specific property takes recent comparable sales in the same community and adjustments for that property.