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10990 Madrona Dr - Deep Cove Marina & Island Cruising 4,000 SF Specialty Building Offered For Sale in North Saanich, BC V8L 5R7

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Investment Highlights

  • Rare oceanfront marina asset with approximately 1,610 lineal feet of moorage in a supply-constrained Vancouver Island market
  • Two titled lots plus long-term foreshore lease, totaling 1.53 acres with M-4 (Commercial Marina 2) zoning
  • Historically minimal vacancy and strong regional demand supporting stable, long-term cash flow
  • Diversified income streams including moorage, commercial tenancy, residential unit, charter operations, and sailing school
  • Extensively renovated and well-maintained docks, infrastructure, and ~4,000 SF commercial building

Executive Summary

Deep Cove Marina presents a rare opportunity to acquire a premier oceanfront marina in one of Vancouver Island’s most supply-constrained marine markets. This high-quality, income-producing property spans two titled lots and includes a long-term foreshore lease, offering approximately 1,610 lineal feet of moorage. The site features a well-maintained 4,000-square-foot commercial building that incorporates office space and a residential unit, creating diversified revenue streams from moorage, commercial tenancy, and residential rental income.
The marina has undergone extensive renovations, ensuring modern infrastructure and operational efficiency. Historically, moorage demand in this region has been exceptionally strong, with minimal vacancy, reinforcing the property’s stable long-term income potential. Zoned M-4 (Commercial Marina 2), the site benefits from direct oceanfront access and sweeping mountain and ocean views, making it a highly desirable destination for boaters and marine businesses.

Property Facts

Sale Type Investment
Property Type Specialty
Property Subtype
Marina
  • Office Office Residential
Building Class C
Lot Size 1.53 AC
Building Size 4,000 SF
No. Stories 2
Year Built/Renovated 1971/2018
Zoning M-4 - Commercial Marina 2
  • Listing ID: 39496560

  • Date on Market: 2026-02-19

  • Last Updated:

  • Address: 10990 Madrona Dr, North Saanich, BC V8L 5R7

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