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Listed price in listed location currency (CAD).
$6,000,000

008

MLS® 1050608

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $26,450
Days Active 34
Lot Size 0 Acres
Approx. Age 
MLS® Number 1050608

Property Address: a-g-118 Rainbow Rd, Salt Spring, BC, V8K2R7

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1050608
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayOn Site
Garage Spaces
Heat
A/CAir Conditioning

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $6,000,000

For Sale · 33 days

$6,000,000

MLS® 1050608

A month ago

Not Sold Yet

September 2026, For Sale for $6,000,000

For Sale · 33 days

$6,000,000

MLS® 1050608

A month ago

Not Sold Yet

August 2024, Expired for $5,700,000

Expired · 178 days

$5,700,000

MLS® 954415

2 years ago

Canceled on Aug 23, 2024

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