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1725 Cowichan Bay Rd Cowichan Bay, British Columbia V0R 1N0

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Coldwell Banker Oceanside Real Estate
3194 Douglas St
Victoria, British Columbia V8Z 3K6

(250) 383-1500
(250) 383-1533

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Waterfront On Ocean Acreage

$3,200,000

Diversified income producing property listed at a 7.5% capitalization rate. Listed below the recently appraised value of $3,345,000 (Cunningham & Rivard, Feb.12,2021). The property offers commercial retail and marina exposure with one small residential unit. The approximate 7,500 sqft retail space is fully leased and has long term anchor tenants, True Grain Bread and Classic Marine. The Marina (1,150 linear ft) focuses on long term tenants providing ease on management and a steady income. The property has a long track record of full occupancy with a waiting list for moorage (moorage vacancy +/- 1%). Recent upgrades and renovations have improved this property while maintaining its historic charm and appealing character. Located in Southern Vancouver Island, Cowichan Bay is the core tourism area in the Cowichan Valley and is very popular with local residents. This offering provides exceptional income, ease of management, a long term track record of high occupancy and a great location. (id:26878)

Business

Business Type Recreation
Business Sub Type Marina

Property Details

MLS® Number 868751
Property Type Other
Neigbourhood Cowichan Bay
View Type Mountain View, Ocean View
Water Front Type Waterfront On Ocean

Building

Size Exterior 7500 Sqft
Type Other

Land

Acreage Yes
Size Irregular 2.58
Size Total 2.58 Ac
Size Total Text 2.58 Ac
Zoning Description W-3, W-2
Zoning Type Unknown

https://www.realtor.ca/real-estate/22898957/1725-cowichan-bay-rd-cowichan-bay-cowichan-bay