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Land For Sale at 582 RIDGE ROAD in Galiano Island, British Columbia

4 Sale ID #161732
Updated 02 May 2024

Asking Price

$469,000

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

Parker Island, Gulf Islands. Located just minutes by boat from Montague Marina on Galiano Island and central to both Mayne and Salt Spring Islands is 7.2 acres of low bank waterfront property on Parker. Calling all boaters, pilgrims and naturalists, escape to this pristine Island. One of 35 lots, Parker Island is a lovely community of full/part time owners. Community Dock and Barge landing make building a recreational property possible. Off shore buoy moorage anchor. (id:39198)

  • MLS® : #R2818055
  • Date Listed : 21 Sep 2023

Location

Province

British Columbia

City

Galiano Island

Address

582 Ridge Road

Postal Code

V0N1P0

Location Highlights

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Listed by

Hugh & McKinnon Realty Ltd. 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

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Financial Information

Yearly Rate

$469,000

Asking Price

$469,000

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

N/A

Market Competition

N/A


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