Welcome to Penny Lane, a charming 2020 built home on the shores of the Cowichan River in historic Lake Cowichan. This bright and modern 2-bedroom, 2-bathroom home offers open concept living with a functional layout. The main level features a cute kitchen and living area, one bedroom with Murphy bed, and a powder room. Step outside to your private, fully fenced patio with a covered roof, perfect for year-round enjoyment. Upstairs you'll find the primary bedroom, full bathroom, and convenient laundry. Large windows throughout fill the home with natural light. Recent updates include new appliances, a ductless heat pump, and refreshed front landscaping. Enjoy access to the strata's shared riverfront dock, ideal for swimming, tubing and watching all the happenings on the river. Located within walking distance to town and with easy access to the Cowichan Valley Trail, this home is perfect as a full-time residence, weekend getaway, or investment property.