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Kane Ryan Realty

A-G 118 Rainbow Rd Salt Spring, British Columbia V8K 2R7

Air Conditioned

$6,000,000

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:62371)

Business

Business Type Accommodation
Name Mariners Loft

Property Details

MLS® Number 1050608
Property Type Multi-family
Neigbourhood Salt Spring
Parking Space Total 8
View Type Ocean View

Building

Cooling Type Air Conditioned
Size Exterior 8473 Sqft
Type Multi-family

Land

Acreage No
Zoning Type Unknown

https://www.realtor.ca/real-estate/30326615/a-g-118-rainbow-rd-salt-spring-salt-spring