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Land For Sale at 380 Cardale Rd in Decourcy Island, British Columbia

4 Sale ID #209948
Updated 20 Jun 2024

Asking Price

$145,000

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

Decourcy Island Building Lot. This .81 of an acre property rectangular in shape with 160 ft of frontage & 228 ft deep on one side offers downward sloped topography towards the rear of the lot that backs onto a unique estuary that leads out to the cove. Ideally situated on the island close to water access (Russell Place) and just minutes from Pirates Cove Marine Park, which offers a private marina called “Russell Landing Marina” open to residents that also has a Float Plane dock. Decourcy Island offers potable water at the park well, commercial wharf w/crane hoist for offloading materials, community association with their own fire department and a tranquil and serene lifestyle with off grid living with no ferry service. Easily accessible boat access from Boat Harbour, Cedar, or Gabriola Island for weekend getaways and summer vacationing. The surrounding area offers excellent fishing, crabbing, prawning and all the sightseeing and exploring you want to enjoy! This is a great opportunity to own a piece of paradise. GST applicable (id:39198)

  • MLS® : #954591
  • Date Listed : 27 Feb 2024

Location

Province

British Columbia

City

Decourcy Island

Address

380 Cardale Rd

Postal Code

A1A1A1

Location Highlights

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Listed by

RE/MAX of Nanaimo 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

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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

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Financial Information

Yearly Rate

$145,000

Asking Price

$145,000

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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