Skip To Content

    1725 Cowichan Bay Rd

    Cowichan Bay, BC V0R 1N0
    • $3,200,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 868751
    $3,200,000
    • 0
      BEDS
    • 2.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighbourhood:
    Type:
    Commercial
    Area:

    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.

    Monthly Payment Calculator

    http://www.vreb.org/vreb/VREBReciprocityProgram.html

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. 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. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-04-21T00:22:07.117.
    www.dayteam.com/homes/114872822
    Print Image

    1725 Cowichan Bay Rd Cowichan Bay, BC V0R 1N0

    • Price: $3,200,000
    • Status: Active
    • MLS #: 868751
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.58
    Acres
    Neighbourhood:
    Du Cowichan Bay
    Area:
    Duncan
    School District:
    Cowichan Valley Regional District
    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.
    Exterior Features

    Construction Materials Frame WoodShingle-WoodWood Entry Location Main Level Exterior Features Awning(S) Parking Features On Site Road Frontage Type AirMarine Road Surface Type Paved View Mountain(S)Ocean View YN Yes Waterfront Features Ocean Front Waterfront YN Yes

    Interior Features

    Fireplace YN No Foundation Details Block Heating YN No

    Property Features

    Ownership Leasehold Property Sub Type Other Tax Annual Amount 12334.85 Tax Jurisdiction Duncan Rural (765) Tax Year 2020 Zoning W-3W-2

    Listing provided courtesy of Coldwell Banker Oceanside Real Estate and [CO-OFFICENAME].

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
    http://www.vreb.org/vreb/VREBReciprocityProgram.html

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. 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. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-04-21T00:22:07.117.
     
    https://bt-photos.global.ssl.fastly.net/victoria/1280_boomver_2_868751-2.jpg https://bt-photos.global.ssl.fastly.net/victoria/1280_boomver_2_868751-2.jpg https://bt-photos.global.ssl.fastly.net/victoria/1280_boomver_2_868751-2.jpg
    Logo
    Day Team Realty
    301-3450 Uptown Blvd
    Victoria BC, V8Z 0B9