4454 Willingdon Av 6,316 SF 100% Leased Retail Building Powell River, BC V8A 2M6 $1,080,000 CAD ($170.99 CAD/SF) 7.80% Cap Rate

This rare investment opportunity offers a fully operational, income-generating property in one of Powell River’s most desirable waterfront locations. The property includes the Powell River Harbour Guest House and a leased restaurant space, situated directly across from the Westview marina and ferry terminal. The guest house features six rooms with shared amenities, including a modern kitchen, dining area, and lounge, complemented by ocean views from multiple rooms and decks. Recent upgrades include spray foam insulation and a full sprinkler system, while roof replacements were completed in 2014 for the guest house and 2010 for the restaurant.
The property benefits from a stable revenue stream, producing a cap rate exceeding 8%, making it an attractive option for investors seeking consistent returns. Its location at the foot of town ensures strong visibility and accessibility, with nearby shopping, public transit, and waterfront attractions enhancing its appeal. This offering combines hospitality and food service components under one title, providing diversified income potential in a growing coastal community.