Multi-family for sale

G 118 Rainbow Road, Salt Spring Island

$5,700,000 or
$5,700,000 or

Multi-family for sale

G 118 Rainbow Road, Salt Spring Island

Features

Lifestyle
224962936 5700000 /en/multi-family~for-sale~salt-spring-island/224962936?view=Summary /en/multi-family~for-sale~salt-spring-island/224962936/photos 48.8556600000 -123.5011700000 true
Year Built
2011
Floor Area
9,887 sqft
Total Space Avail. For Lease (Rent)
8298 sqft
Lot Size
17,642 sqft
Gross Property Tax
$21,621.58 /year
Building Type
Residential Mix, See Realtor Remarks
Zoning
CA1 (D), COMM 1 ZONE
Amenities
Balconies, Secured Building, Secured Parking, Visitor Parking, Waterfront, Fenced Yard, Other
Suite Mix Information
6 x 2 ½, 1 x 3 ½
Total no. of Units
7
63

Description

Upscale, well positioned investment opportunity on Salt Spring Island in the beautiful Gulf Islands. The subject property is improved with a 3 storey building comprised of 7 high end units with 15 bedrooms and a myriad of premium amenities. E.g. In-suite washer and dryer, kitchen area, private patios, vaulted ceilings, TV's, barbeques, wifi, onsite parking with secure gate, private entrances, gas fireplaces and floor to ceiling windows. Exceptional ocean, forest, and island views; only minutes away from retail shops, restaurants, parks and other major tourist attractions in Ganges Village. The penthouse is permitted for full time occupancy, allowing for one to live onsite, while managing the property. Please inquire for further details.
MLS® Number C8057867

Listing REALTOR®

Derek Nystrom, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Derek Nystrom

REALTOR®, Personal Real Estate Corporation

Macdonald Commercial Real Estate Services Ltd.

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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