Waterfront
Address
1725 Cowichan Bay Rd Cowichan Bay, BC
Price
$ 3,200,000
Property Attributes
  • MLS#868751
  • TypeCommercial
  • CityCowichan Bay
  • AreaDuncan
  • NeighbourhoodDu Cowichan Bay
  • Postal CodeV0R 1N0
  • Style
  • Taxes12334
  • Price$ 3,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7500
  • Lot Size2.58 Acres
Listing Provided Courtesy Of:
Coldwell Banker Oceanside Real Estate
Data Source:
Victoria Real Estate Board (VREB)
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.

General Features

Business Type Marine
Commercial Area Other
Commercial Listing Type Business
Construction Materials Frame Wood, Shingle-Wood, Wood
Property SubType Other
Property Type Commercial Sale
View Mountain(s), Ocean
Zoning W-3, W-2

Interior Features

Total Units 5

Exterior Features

Building Area Total 7500.00
Exterior Features Awning(s)
Foundation Block
Lot Size Acres 2.58
Lot Size Square Feet 112384.80
Parking Onsite Yn Yes
View Yn Yes
WaterFront Features Ocean
Waterfront Yes

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V0R 1N0

Price
AVG $3.2M
$3.2M
Taxes
AVG $12,334
$12,334
Visits
AVG 102
101
Walkscore
AVG 25
25
Data Provided by Walkscore ® not using MLS data