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Home BC Greater Victoria North Saanich
10990 Madrona Dr
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10990 Madrona Dr $4,999,000
6 days ago
$4,999,000
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10990 Madrona Dr
North Saanich, British Columbia V8L5R7

MLS® Number: 997131

Listing Description

High quality income producing property that includes moorage and commercial rental income. Exceptional well maintained marina with two titled lots and a long-term foreshore lease. Extensive (high quality) renovations have made this marina a stand out. The property has an approx. 4,000 sq. ft, commercial building that contains commercial office space and one residential unit. Moorage is approximately 1,610 lineal feet with little to no vacancy over the past several years. Deep Cove Marina N. Saanich is minutes away from the Victoria International Airport, BC Ferries (Swartz Bay), Sidney and only 34km to Victoria. Moorage space on Vancouver Island is in high demand and space is very limited making this a secure long term investment. Offering is an Asset Sale based on a cost approach to valuation. All sizes are approximate and should be verified independently. Qualified buyer's - NDA required. DO NOT TOUR SITE WITHOUT BOOKING AN APPOINTMENT. (29249219)

Property Summary

Property Type
Other
Building Type
Other
Neighbourhood Name
Deep Cove
Title
Other, See Remarks
Land Size
1.53 ac
Annual Property Taxes
$10,105
Time on REALTOR.ca
6 days

Building

Building Features
Features
Other, Marine Oriented, Moorage
Heating & Cooling
Heating Type
(Other)
Business
Business Name
Deep Cove Marina
Business Type
Other (Other), Recreation (Marina)

Measurements

Exterior Building Size
4078 sqft

Land

Lot Features
View
Mountain view, Ocean view
Other Property Information
Zoning Description
M-4 (Commercial Marina 2)
Zoning Type
Unknown
Waterfront Features
Waterfront
Waterfront on ocean
Features
Moorage
Data provided by: Victoria Real Estate Board 3035 Nanaimo Street, Victoria, British Columbia V8T 4W2
John Morris