34
See all 34 photos
Listed by Kane Ryan Pemberton Holmes Ltd.
$6,000,000
Est. payment /mo
8,473 SqFt
New
118 Rainbow Rd ##A-G Salt Spring, BC V8K 2R7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,473 sqft
Price per Sqft $708
MLS Listing ID 1050608
HOA Y/N No
Annual Tax Amount $26,450
Tax Year 2026
Property Sub-Type Multi Family
Property 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.
Location
Province BC
County Islands Trust
Community Gi Salt Spring
Area Gulf Islands
Interior
Cooling Air Conditioning
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 8.0
View Y/N Yes
View Ocean
Total Parking Spaces 8
Garage No
Others
Ownership Freehold/Strata
Special Listing Condition Updated/Remodeled
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
Nearby Locations
GET IN TOUCH TO SAVE YOUR TIME