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1241 Sutherland Dr 1.5 Acres of Commercial Land Offered at $5,880,000 CAD in Cowichan Bay, BC V0R 1N2
Investment Highlights
- Premium ~ 1.5-acre waterfront property in Cowichan Bay with established marina and rental operation.
- Rebuilt 84-slip marina with 2,800 linear feet of dock and 23 years remaining on assignable and transferable foreshore lease.
- Stabilized projected net income of approximately $386,000 from marina operations and short-term rentals.
- Includes 2 super host-rated cabins with potential to add 17 more for recreational retreats.
Executive Summary
1.5-Acre premium waterfront property in Cowichan Bay featuring an established 84-slip marina and short-term rental operation generating a projected stabilized net income of approximately $386,000. With over $2.5M in recent upgrades and 23 years remaining on an assignable foreshore lease, the property offers strong in-place income and significant development potential.
Property Facts
| Price | $5,880,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.50 AC |
| Zoning | W-3A, C-4 | ||
| Price | $5,880,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.50 AC |
| Zoning | W-3A, C-4 |
1 Lot Available
Lot
| Price | $5,880,000 CAD | Lot Size | 1.50 AC |
| Price Per AC | $3,920,000.00 CAD |
| Price | $5,880,000 CAD |
| Price Per AC | $3,920,000.00 CAD |
| Lot Size | 1.50 AC |
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