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$6,000,000
Salt Spring
#A-G 118 Rainbow Road, Salt Spring, British Columbia, V8K2R7
This multi-family property in Salt Spring is for sale. It has been on the market 40 days, fresher than the Salt Spring average of 147 days.
Offering a 6.8% cap rate, Mariner’s Loft is a turnkey seven-suite hospitality investment property overlooking Ganges Harbour. Built in 2011, the approximately 8,473 sq. ft. building occupies an elevated 0.41-acre site in the heart of Ganges, steps from shops, restaurants, galleries, marinas and floatplane service. The seven individually stratified units include six two-bedroom, two-bathroom suites and a three-bedroom, two-bathroom penthouse. Each offers a full kitchen, open living area, in-suite laundry, private entrance and deck or patio. Features include gated access, on-site parking, fireplaces, furnishings and recently installed heat-pump systems. With CA-1(d) Commercial Accommodation zoning, staff in place, a strong online presence, a 4.8-star Google rating and seven separate strata titles, the growing hospitality operation offers current income, operational upside and long-term flexibility in one of BC’s most desirable island destinations. (id:66096)
Extended: 40 days on market, against an average age of 147 days across the listings currently for sale in this city
This multi-family in Salt Spring has been listed for 40 days, which is 107 days fresher than the city average of 147. Act while there is still low competition.
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