$930,000

2 Drake Road, Salt Spring V8K2K8

Detached

Listed by: Newport Realty Ltd..

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Description

Offered here for the first time in over two decades is a rare commercial lot. Nearly 1/2 acre at the entrance to Ganges with 3 road frontages, this could be a prominent location for any business. With C-1 zoning, a multitude of uses (commercial and residential) can be considered. A blue chip addition to any portfolio. (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Annual Taxes: $9,415

Lot Size: 20431.0

Property Details

Property Type	Detached
Sub Type	Vacant Land
Lot Size	20,431 sq ft
Listing ID	1039758

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2 Drake Road, Salt Spring
MLS® 1039758 · $930,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

Monthly payments use Canadian fixed-rate, semi-annual compounding. The term is the contract length; amortization is the repayment period. Renewal rates may change.

Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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