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1725 Cowichan Bay Rd

Cowichan Bay, BC V0R 1N0
  • $3,200,000
  • STATUS: Active
  • ON SITE: 139 days
  • MLS #: 868751
UPDATED: 39 min ago
$3,200,000
  • 0
    BEDS
  • 2.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
Area:

Description

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.

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http://www.vreb.org/vreb/VREBReciprocityProgram.html

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Call Victoria Home | Sutton Group-West Coast Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-07-26T15:22:03.993.
www.callvictoriahome.com/homes/114872822
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1725 Cowichan Bay Rd Cowichan Bay, BC V0R 1N0

  • Price: $3,200,000
  • Status: Active
  • Updated: 39 min ago
  • MLS #: 868751
0
Beds
0
Baths
0
½ Baths
2.58
Acres
Neighbourhood:
Du Cowichan Bay
Area:
Duncan
School District:
Cowichan Valley Regional District
Property Description
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.
Exterior Features

Construction Materials Frame WoodShingle-WoodWood Entry Location Main Level Exterior Features Awning(S) Parking Features On Site Road Frontage Type AirMarine Road Surface Type Paved View Mountain(S)Ocean View YN Yes Waterfront Features Ocean Front Waterfront YN Yes

Interior Features

Fireplace YN No Foundation Details Block Heating YN No

Property Features

Ownership Leasehold Property Sub Type Other Tax Annual Amount 12334.85 Tax Jurisdiction Duncan Rural (765) Tax Year 2020 Zoning W-3W-2

Listing provided courtesy of Coldwell Banker Oceanside Real Estate and [CO-OFFICENAME].

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
http://www.vreb.org/vreb/VREBReciprocityProgram.html

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Call Victoria Home | Sutton Group-West Coast Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-07-26T15:22:03.993.
 
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Call Victoria Home | Sutton Group-West Coast Realty
103 4400 Chatterton Way
Victoria BC, V8X5J2