118 Rainbow Rd.

$6,000,000

Gulf Islands, V8K 2R7
sqft, Beds, Baths

Multi Family home located in Gulf Islands

MLS #1050608
Listed by Pemberton Holmes Ltd.

  • Type: Commercial Sale
  • Cooling: Air Conditioning,
  • Total Parking: 8
  • Parking Features: On Site,
  • View: Array

Description

Offering a 6.8% cap rate, Mariner’s Loft is a turnkey seven-suite hospitality investment property overlooking Ganges Harbour. Built in 2011, the approximately 8,473 sq. ft. building occupies an elevated 0.41-acre site in the heart of Ganges, steps from shops, restaurants, galleries, marinas and floatplane service. The seven individually stratified units include six two-bedroom, two-bathroom suites and a three-bedroom, two-bathroom penthouse. Each offers a full kitchen, open living area, in-suite laundry, private entrance and deck or patio. Features include gated access, on-site parking, fireplaces, furnishings and recently installed heat-pump systems. With CA-1(d) Commercial Accommodation zoning, staff in place, a strong online presence, a 4.8-star Google rating and seven separate strata titles, the growing hospitality operation offers current income, operational upside and long-term flexibility in one of BC’s most desirable island destinations.

Location