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A-G 118 Rainbow Rd
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A-G 118 Rainbow Rd

Salt Spring, British Columbia V8K2R7

$6,000,000

MLS® 1050608

Multi-family

Type

8

Parking

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. (id:65701)

Property Details

Ownership Condo/Strata
Annual Taxes $26,450.00
Cooling Air Conditioned
Structure Multi-Family
View Ocean view

Listed by

Pemberton Holmes Ltd.

Victoria

Interested in this property?

Contact Kara Call 604.328.8000
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