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
Taxes
Visits
Walkscore
Data provided by: Victoria Real Estate Board 3035 Nanaimo Street, Victoria, British Columbia V8T 4W2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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