3
See all 3 photos
$3,278,100
Est. payment /mo
1.17 Acres Lot
New
1241 Sutherland Dr Cowichan Bay, BC V0R 1N2
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1006691
Rental Info Unrestricted
Annual Tax Amount $5,396
Tax Year 2025
Lot Size 1.170 Acres
Acres 1.17
Property Sub-Type Other
Property Description
Endless potential with this rare mixed-use waterfront opportunity at Paradise Marina. Nearly 1.5 acres (combined with 4635 Lanes Rd) of low-bank waterfront with stabilized net income of approx.$340,000. Potential gross income is approx. $590,000, with operations trending toward stabilization. Vendor take back financing available. OCP outlines future mixed-use supporting commercial units. Potential to add up to 17 cabins for recreational hoteling or retreat use, with accessory options like cafes, restaurants, or retail. Includes 2 rebuilt Superhost-rated cabins, redesigned marina with 84 slips, 2,800 linear ft of dock, launch ramp, and $2.5M in upgrades. Docks recently added, dragged, retightened with new anchoring, electrical, and metered slips. Marina is in demand with simple, efficient operations. 23 years remain on assignable and transferable foreshore lease. Ownership open to assisting new management with training. Must be sold with 4635 Lanes Rd
Location
Province BC
County Cowichan Valley Regional District
Area Du Cowichan Bay
Exterior
Parking On Site 1
Others
Pets Allowed Yes
Tax ID 026-061-520
Ownership Freehold
Listed by Colliers