AURA SYNC
1765 Cowichan Bay Rd, Duncan
$4,200,000.00
Aura Sync - Contact Information
REMAX Professionals (NA)
Listing agent: Myles McCullough
Agent phone: 250-751-1223
Office phone: 250-751-1223
Agent email: myles@mmshomes.com
Office address: #1 - 5140 Metral Drive, Nanaimo BC V9T 2K8
MLS listing synced via Aura. Contact the listing agent or office directly.
Description
Rare turnkey opportunity in picturesque Cowichan Bay: The Bluenose Marina, a marina and float-home community on 2.19 acres of protected Vancouver Island waterfront, with approximately 56 slips and 5 established commercial tenants in place. Moorage here is scarce, making this offering hard to replicate, and current moorage tenants are mostly annual with few seasonal. The commercial mix, the Vine Restaurant, Udder Guys Ice Cream, an art and artisan shop, a boutique, and a dockside kayak tour operation, generate steady foot traffic and reliable retail income. The property indicates an approximate 8% cap rate based on the current year's performance and historical expenses. All docks have been rebuilt in Douglas fir with foam flotation, including a ~120 ft concrete dock for larger vessels, plus 400-amp three-phase power distributing up to 50 amps at each slip, a new water system routed to resist winter freezing, and a negative-pressure septic system serving all float homes.
Location
1765 Cowichan Bay Rd, Duncan
All data & measurements are approximate and must be verified if fundamental.
Data is provided via the brokerage or agent via Aura Sync.