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Multi-Family For Sale

$950,000

MLS® Number: 1037747

Land Size

18,295

Year Built

1964

1111 Marine Dr, Port Alice, British Columbia

About This Property

Fully rented and versatile multiple family building in the Village Of Port Alice on the West Coast of Vancouver Island. The building is currently occupied by quality commercial / professional tenants. The building has 7 two bedroom 1 bathroom units plus a large laundry / storage area that could be converted into an 8th unit if desired. All units are fully furnished in the last few years and each unit is individually metered - potential to stratify. The building is conveniently located across the road from the ocean. The park land immediately across the road currently has a kayak dock / facility being developed to service growing tourism needs in the area. Next to this site is a private yacht club as well as a municipal marina and boat launch and mini mall with grocery store and liquor store. With the location across from the marina facilities the current owners original plans when purchasing the building were to cater to the fisherman / tourists, offering eco tours. Port Alice is one of the most scenic communities on the West Coast of Vancouver Island with full service & paved roads. The community was recently named, ''The Sea Otter Capital of Canada'' another strong driver of tourism to the Village. Although the units are currently rented some of the existing work projects will wind down, but further demand to carry on servicing professionals seeking furnished units. The owner regularly turns away bookings. However, a bigger growth area and focus by the Village is attracting tourists where you could cater to short term stays as more and more people visit the area for eco tourism (the local manager is excellent and interested to stay on) or perhaps some form of fishing club with fractional ownership. Available as a share sale. Contact agent for more details.

Property Details

Interior Details

Heating

Propane, Hot Water

Building & Exterior

Building Area Total

7276.0

Building Area Units

square feet

Number Of Units Total

7

Year Built

1964

Land & Location

City Region

Port Alice

Lot Features

Central location, See remarks, Other, Marine Oriented

Lot Size Area

18295.0 sqft

Lot Size Dimensions

18295

Parcel Number

001-865-676

Postal Code

V0N0C4

View

Mountain view, Ocean view

Listing & Financials

Association Name

Contact Listing Agent

Listing Office

RE/MAX AFFILIATES MARQUIS LTD.

Originating System Name

Vancouver Island Real Estate Board

Other Specifications

Common Interest

Freehold

Country

Canada

Parking Total

8

Mortgage Calculator

20% ($190,000)
5.5%
25 Years

Estimated Monthly Payment

$4,667

Principal and interest only. Actual rates may vary.

Location & Map

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