Rocket Web Labs Inc. Wix MLS IDX Real Estate

1725 Cowichan Bay Rd

MLS® 868751

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.

Full Address

1725 Cowichan Bay Rd, Cowichan Bay BC V0R 1N0

MLS® Number

868751

Listing Price

$3,200,000

Property Type

Other

Year Built

Living Area

0 SqFt

Bedrooms

Total Bathrooms

Tax Year

2020

Annual Tax Amount

$12,334.85

Interior Features

Lot Features

Exterior Features

Awning(s)

Total Fireplaces

Water Source

Gas

Heating

Cooling

Sewer

Style of Home

Layout

Basement

Subdivision

Elementary School

Middle School

High School

Directions

Property Location

Listing by Coldwell Banker Oceanside Real Estate

Listing information last updated: Thu Aug 05 2021 07:42:53 GMT+0000 (Coordinated Universal Time)

Rocket Web Labs Inc. Wix MLS IDX Real Estate

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Rocket Web Labs Inc. Wix MLS IDX Real Estate

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