High quality income producing property that includes moorage and commercial rental income. Exceptional well maintained marina with two titled lots and a long-term foreshore lease. Extensive (high quality) renovations have made this marina a stand out. The property has an approx. 4,000 sq. ft, commercial building that contains commercial office space and one residential unit. Moorage is approximately 1,610 lineal feet with little to no vacancy over the past several years. Deep Cove Marina N. Saanich is minutes away from the Victoria International Airport, BC Ferries (Swartz Bay), Sidney and only 34km to Victoria. Moorage space on Vancouver Island is in high demand and space is very limited making this a secure long term investment. Offering is an Asset Sale based on a cost approach to valuation. All sizes are approximate and should be verified independently. Qualified buyer's - NDA required. DO NOT TOUR SITE WITHOUT BOOKING AN APPOINTMENT.
Address
10990 Madrona Dr
List Price
$4,999,000
Property Type
Commercial Sale
Type of Dwelling
Other
Area
North Saanich
Sub-Area
NS Deep Cove
Lot Size
66575 Sq. Ft.
Lot Size (Acres)
1.53 Ac.
MLS® Number
997131
Listing Brokerage
Coldwell Banker Oceanside Real Estate
Postal Code
V8L 5R7
Tax Amount
$10,105.00
Tax Year
2024
Features
Mixed
Amenities
Balcony, Balcony/Patio, Dock/Moorage, Foreshore Rights, Garden, Landscaped, Lighting, Low Maintenance Yard, Marina Nearby, Quiet Area, Recreation Nearby, Serviced, Walk on Waterfront
