A-G 118 Rainbow Rd
Salt Spring, British Columbia
MLS® 1050608
$6,000,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1050608
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 34Listing description
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.
Property summary
- MLS® number
- 1050608
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Condo/Strata
- Annual property taxes
- $26,450.00
- Parking
- 8 spaces
- Days on market
- 15 days
Features & details
- Cooling
- Air Conditioned
- View
- Ocean view
What would this home cost you?
Based on the $6,000,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Pemberton Holmes Ltd., Victoria.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.