Address
1725 Cowichan Bay Rd Cowichan Bay, BC
Price
$ 3,200,000
Property Attributes
  • ID#868751
  • TypeSingle Family
  • CityCowichan Bay
  • AreaCowichan Valley Regional District
  • NeighbourhoodDuncan
  • Postal CodeV0R 1N0
  • Style
  • Taxes$ 12334
  • Price$ 3,200,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7500
  • Lot Size2.58 Acres
Listing Provided Courtesy Of:
John Morris with Coldwell Banker Oceanside Real Estate
Data Source:
RLP - CREA EN
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

Lot Frontage 112384.8
Lot Size 2.58
Jumpid 14381627

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in V0R 1N0

Price
AVG $320K
$3.2M
Taxes
AVG $488
$12,334
Visits
AVG 38
465
Walkscore
AVG 25
25
Data Provided by Walkscore ® not using MLS data