118 Rainbow RD #A-G, Salt Spring, BC V8K2R7
118 Rainbow RD #A-G, Salt Spring, BC V8K2R7
118 Rainbow RD #A-G, Salt Spring, BC V8K2R7
118 Rainbow RD #A-G, Salt Spring, BC V8K2R7
118 Rainbow RD #A-G, Salt Spring, BC V8K2R7
118 Rainbow RD #A-G, Salt Spring, BC V8K2R7
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$ 6,000,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Sub Type Strata

Listing Status Active

Purchase Type For Sale

Subdivision Salt Spring

MLS® Listing ID 1050608

Property Sub-Type Strata

Property 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:24570)

Location

State BC

Zoning Unknown

Rooms

Kitchen 0.0

Interior

Cooling Air Conditioned

Exterior

Parking Features No

View Y/N Yes

View Ocean view

Attached Garage No

Total Parking Spaces 8

Garage No

Private Pool No

Others

Ownership Strata

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Listed by Pemberton Holmes Ltd.

Nearby Locations

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1816 crowchild trail nw # 700 Calgary T2M3Y7, Canada
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118 Rainbow RD #A-G