Lake Cowichan rentals by BC Vacation Homes. The charming Town of Lake Cowichan has 3500 residents and is within easy walking distance. There you will find convenience stores, a video store, neighborhood pub, banks, restaurants and Waterfront Park. March Meadows Golf Course is also nearby. Cowichan Lake is the gateway to some of the most spectacular outdoor recreation on Vancouver Island including hiking, fishing, canoeing, swimming and kayaking.