D'Arcy Harris

c: 250-686-2375 | darcy@darcyharris.com

My Listings

175 Suffolk Road
GI Salt Spring SALT SPRING ISLAND V8K 1L9

$2,690,000
Commercial

Main Photo: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
Status:
Active
Prop. Type:
Commercial
MLS® Num:
394516
Build. Type:
See Remarks
The Lakeshore on Salt Spring Island. A truly rare piece of paradise with 9 charming westcoast cottages and room for a primary residence close to the lake. Five west facing acres with 298 ft. of waterfront on the most picturesque lake on the island. Mix of studios to luxury 3 bedroom cabins all with decks and views of the lake. Owner occupy one or leave it in the hands of an on island manager. Space for up to 23 cabins. There's even a possibility of subdivision. Water license in place with brand new pump and filtration system. Gently sloping meandering paths to the water, towering trees and open to the water...backed by forest and farms on the most sought after island in Canada. Foreshore lease for a dock or float. Being sold turn key including future bookings. Easy to manage and excellent income and potential. This is a one of a kind property in a prime location. Contact your agent to view and for financials. Also see residential listing MLS# 394456
Property Type:
Commercial
Commercial Type:
Other, Business, Multi-Family (5+ Units)
Type:
Revenue 5+ Multiplex
Total Finished Rooms:
0
Total Unfinished Rooms:
0
Lot Size:
5.35 acre(s)
Lot Details:
Pan.
Title to Land:
Freehold
Building Type:
See Remarks
Exterior Features:
Outdoor Lighting, Parking, Playground, See Remarks
Parking Places:
14.0
Water supply:
Well: Drilled
Waste Disposal:
Septic Tank
Fixtures, Good Will, Parking, Real Estate, Supplies, Trade Name(s)
Suffolk Rd., left off N.End Rd.
Road: Paved
Financing Notes:
share sale possible
Gross Taxes:
13409.3
For Tax Year:
2017
Assessed:
1974600.0
Assessment year:
2018
Assessment Roll Number:
410000
Financing Options:
Purchaser To Finance
Gross income:
140000.0
Revenue Property (Y/N):
Yes
Business Established Year:
2016
Jurisdiction name:
Gulf Islands Rural (764)
Legal Description:
Lot 1 Plan VIP3629 Section 8 Range 1E Land District 16 Portion NORTH SALT SPRING THE COTTAGE RESORT
Section Number:
8
Land District Number:
16
Zoning:
CA3
P.I.D.:
002-700-069
Possession Details:
Upon Completion
Area Size Estimated:
Yes
Agricultural Land Reserve:
No
Total Units in Complex:
8
1-Bedroom Units:
3
2-Bedroom Units:
2
3-Bedroom Units:
2
Bachelor Units:
1
Business Name:
Lakeshore on Saltspring
Business Type:
Accommodation
Total Building Area:
5,905 sq. ft.
Lot Site Features:
View: Water, Wfront: Lake
Building Features:
Balcony(s), Kitchen, Laundry Room, See Remarks
Price Includes Building:
Yes
Price Includes Business:
Yes
Price Includes Land:
Yes
Services:
See Remarks
Sale type:
See Remarks
Transaction Type:
For Sale
Number of Units in Project:
10
Number of Storeys:
1
Date Listed:
Jun 20, 2018
Original Price:
$2,990,000
  • Photo 1: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 2: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 3: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 4: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 5: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 6: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 7: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 8: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 9: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 10: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 11: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 12: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 13: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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  • Photo 14: 175 Suffolk Road in SALT SPRING ISLAND: GI Salt Spring Revenue 5+ Multiplex for sale (Gulf Islands)  : MLS®# 394516
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Listing information last updated on October 19, 2018 at 08:07 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,400,000
Min list price:
$10,000
Max list price:
$6,800,000
Avg days on market:
55
Min days on market:
25
Max days on market:
1,228
These statistics are generated based on the current listing's property type and located in Gulf Islands. Average values are derived using median calculations.
D'ARCY HARRIS