Commercial Real Estate in V8K available for sale
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More details for 118 Rainbow Rd, Salt Spring Island, BC - Land for Sale

Mariner's Loft - 118 Rainbow Rd

Salt Spring Island, BC V8K 2V5

  • Land for Sale
  • $5,700,000 CAD
  • 0.41 AC Lot

Salt Spring Island Land for Sale

Upscale, well positioned investment opportunity on Salt Spring Island in the beautiful Gulf Islands. The subject property is improved with a 3 storey building comprised of 7 high end units with 15 bedrooms and a myriad of premium amenities. E.g. In-suite washer and dryer, kitchen area, private patios, vaulted ceilings, TV’s, barbeques, wifi, onsite parking with secure gate, private entrances, gas fireplaces and floor to ceiling windows. Exceptional ocean, forest, and island views; only minutes away from retail shops, restaurants, parks and other major tourist attractions in Ganges Village. The penthouse is permitted for full time occupancy, allowing for one to live onsite, while managing the streamlined operation. Salt Spring has a dynamic, alluring hospitality submarket with limited supply and sizeable demand. STR reports are robust (e.g. elevated ADR & RevPAR metrics) with future growth potential and there are no supply side pressures in the near-term. Please inquire for more information.

Contact:

Macdonald Commercial

Property Subtype:

Commercial

Date on Market:

2023-07-19
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