1765 Cowichan Bay Rd

Description

Rare turnkey opportunity on Vancouver Island's protected south coast: The Bluenose Marina, a marina and float-home community set on 2.19 acres of waterfront in picturesque Cowichan Bay, with approximately 56 slips, six float homes, and five established commercial tenants in place. This well-improved, income-producing marine asset also delivers a truly unmatched coastal lifestyle, appealing equally to the investor and the owner-operator. Moorage in the bay is scarce, making an offering like this exceptionally hard to replicate, and current moorage tenants are mostly long-term, with few seasonal. The curated commercial mix, the Vine Restaurant, Udder Guys Ice Cream, an art and artisan shop, a boutique, and a dockside kayak tour operation, are successful, established businesses generating steady foot traffic and retail income. The property indicates an approximate 8% cap rate based on the current year's performance and anticipated expenses. The infrastructure is a standout. A solid dock system has been rebuilt in heavy Douglas fir with foam flotation, including approximately 120 feet of concrete dock for larger vessels. Power is 3-phase, 400-amp, distributing up to 50 amps at each slip, and a large-capacity vacuum septic system has been installed. Included assets comprise a service barge with workshop and storage, along with the equipment and supplies on-site. A year-round operating water system was recently installed. Step off the dock and Cowichan Bay is yours: a welcoming village of waterfront restaurants, pubs, and galleries, minutes from Sansom Narrows, the Gulf Islands, and some of the finest cruising waters on the coast. With strong, diversified income and a lifestyle found only here, The Bluenose Marina is a genuinely unique offering. Contact the listing team for the full information package. (id:65701)

Property Details