$2,159,400
None Lanes Road, Cowichan Bay V0R1N2
Detached
Listed by: Colliers.
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Description
Endless potential with this rare mixed-use waterfront opportunity at Paradise Marina. Nearly 1.5 acres (combined with 1241 Sutherland Dr.) of low-bank waterfront with stabilized net income of approx. $340,000. Potential gross income is approx. $590,000, with operations trending toward stabilization. Vendor take back financing available. OCP outlines future mixed-use supporting commercial units. Potential to add up to 17 cabins for recreational hoteling or retreat use, with accessory options like cafes, restaurants, or retail. Includes 2 rebuilt Superhost-rated cabins, redesigned marina with 84 slips, 2,800 linear ft of dock, launch ramp, and $2.5M in upgrades. Docks recently added, dragged, retightened with new anchoring, electrical, and metered slips. Marina is in demand with simple, efficient operations. 23 years remain on assignable and transferable foreshore lease. Ownership open to assisting new management with training. Must be sold with 1241 Sutherland Dr. (id:66934)
Location
Approximate location supplied by the listing data provider.
Features
Structure: Other
Annual Taxes: $10,419
Lot Size: 13121.0
Property Details
| Property Type | Detached |
|---|---|
| Sub Type | Other |
| Lot Size | 13,121 sq ft |
| Listing ID | 1038031 |
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