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A-G 118 Rainbow Road, Salt Spring
A-G 118 Rainbow Road, Salt Spring
A-G 118 Rainbow Road, Salt Spring
A-G 118 Rainbow Road, Salt Spring
A-G 118 Rainbow Road, Salt Spring
+5 more

A-G 118 Rainbow Road, Salt Spring, British Columbia

$6,000,000

About A-G 118 Rainbow Road

Offering a 6.8% cap rate, Mariner’s Loft is a turnkey seven-suite hospitality investment property overlooking Ganges Harbour. Built in 2011, the approximately 8,473 sq. ft. building occupies an elevated 0.41-acre site in the heart of Ganges, steps from shops, restaurants, galleries, marinas and floatplane service. The seven individually stratified units include six two-bedroom, two-bathroom suites and a three-bedroom, two-bathroom penthouse. Each offers a full kitchen, open living area, in-suite laundry, private entrance and deck or patio. Features include gated access, on-site parking, fireplaces, furnishings and recently installed heat-pump systems. With CA-1(d) Commercial Accommodation zoning, staff in place, a strong online presence, a 4.8-star Google rating and seven separate strata titles, the growing hospitality operation offers current income, operational upside and long-term flexibility in one of BC’s most desirable island destinations. (id:66920)

Key Features

  • Ocean view
  • Air Conditioned
  • Multi-Family
Rahul Manro
Rahul Manro
Real Estate Associate, Managing Partner
Cell: +1 403-926-2030 VIEW REALTOR® PROFILE

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Estimated monthly payment
$28,060
/month · principal + interest

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Listing courtesy of Victoria Real Estate Board.
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. Data is deemed reliable but is not guaranteed accurate by CREA.
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