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For Sale
$2,720,600
MLS® 1038026
1241 Sutherland Dr
Cowichan Bay, British Columbia, V0R1N2
- Interior
- 2,600 sqft
- Property type
- Other
- Building
- Other
- Lot size
- 1.17 acres
- Ownership
- Freehold
- Business type
- Recreation
Property facts
- Interior
- 2,600 sqft
- Property type
- Other
- Building
- Other
- Transaction
- For Sale
- Lot size
- 1.17 acres
- Ownership
- Freehold
- Business type
- Recreation
About this property
Endless potential with this rare mixed-use waterfront opportunity at Paradise Marina. Nearly 1.5 acres (combined with 4635 Lanes Rd) 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 4635 Lanes Rd (id:53361)