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Land For Sale at 2911 Olympic Rd in Qualicum Beach, British Columbia

4 Sale ID #194685
Updated 07 May 2024

Asking Price

$749,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

SOLD subject to Probate. Located just off Horne Lake Rd in North Qualicum ''Dunsmuir'' you'll find a private entrance to this tranquil 7.22 acres of RU1 zoned land ready for your ideas. This land exudes privacy as you enter. You're immediately immersed in nature and sunshine. Approx 2.5 Acres are cleared currently with a small cabin and shop. Septic is in place & a shallow well. The property boundaries both Olympic Rd & Whistler rd so a second driveway is an option & a perfect location for a second private residence. Don't miss this opportunity to create your dream property on this blank canvas surrounded by large estate properties. You can't see your neighbours! You know what they say, Location, Location, Location! Both Hwy 19 & Hwy 19A are close for convenience but no noise. 15min from QB, 10Min to Spider Lake, 15Min to Horne Lake & Caves, 7Min to Golf, & just a few Min to town. Nanaimo & Courtenay just 30Min away. Ideally located close to the Ocean, lakes, & Outdoor recreation. Book a showing soon. (id:39198)

  • MLS® : #950772
  • Date Listed : 09 Jan 2024

Location

Province

British Columbia

City

Qualicum Beach

Address

2911 Olympic Rd

Postal Code

V9K1Z7

Location Highlights

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Listed by

RE/MAX Ocean Pacific Realty (Crtny) British Columbia listing

Category

land

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$749,900

Asking Price

$749,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

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Market Competition

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