DeMelo Group Logo
$6,000,000
 $32,209 est/mo Sourced by Back At You

A-g 118 Rainbow Rd,Salt Spring, BC V8K2R7

Salt Spring, BC V8K2R7

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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. (id:374)

Details

MLS #1050608
Listing TypeFor Sale
StatusActive
Days On Site26
Listing Provided ByPemberton Holmes Ltd. | Kane Ryan

Features

SQ Feet8,473
Units7
ZoningUnknown
Property ViewOcean view

Interior

CoolingAir Conditioned
Fireplace Yes / NoNo

Parking

Parking Total8

Taxes

Tax Annual Amount26450

Area Information

ProvinceBC
CitySalt Spring
Postal CodeV8K2R7
Listing VS Median (in V8K2R7)
Price:
$6,000,000
low | high
Med:
$6,000,000
50% of Average
sqft:
8,473
low | high
Med:
8,473
50% of Average
$ / sqft:
$708
low | high
Med:
$708
50% of Average
On site:
26
low | high
Med:
26
100% of Average
Sourced by Back At You

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Additional Information

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Contact

Learn More About This Property

Lindsey DeMelo

Lindsey DeMelo

Sutton Group - Quantum Realty Inc- Brokerage

Broker, (416) 219-1109ldemelo@sutton.com
ProvinceBC
CitySalt Spring
Postal CodeV8K2R7
Listing VS Median (in V8K2R7)
Price:
$6,000,000
low | high
Med:
$6,000,000
50% of Average
sqft:
8,473
low | high
Med:
8,473
50% of Average
$ / sqft:
$708
low | high
Med:
$708
50% of Average
On site:
26
low | high
Med:
26
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 2:30:03 AM PDT