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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,895,000
Cap Rate
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
Welcome to a truly extraordinary opportunity—over 5 acres of walk-on oceanfront where natural beauty and boundless potential meet. Located along the peaceful shoreline of the Georgia Strait, this captivating property features 150 feet of private beachfront, panoramic views of the Coast Mountain Range, and a forested landscape of towering old-growth fir trees. A winding driveway meanders through the lush forest canopy, leading to a three-level oceanfront structure perched just above the shoreline. Previously a 3-bedroom home with a basement suite, the building has been stripped to the studs and is currently at “lock-up” stage, offering a solid foundation for a custom redesign. Included in the sale is a replacement window package by Milgard, providing the perfect opportunity to frame breathtaking coastal vistas and fill your future home with natural light. There is existing infrastructure, including: Two wells — a shallow well and a new drilled well (2022), the original septic system, and power connected to the homesite. Zoned RU-20, the parcel allows for two full single-family dwellings, offering remarkable flexibility. A strategically cleared and positioned building site awaits —ideal for a second residence, guesthouse, or spacious workshop. Offered at land value and sold “as is, where is,” this property presents an exceptional opportunity for those seeking a blank canvas in a serene and private setting. With unmatched natural surroundings, existing services, and development potential, it’s a rare chance to create the waterfront estate of your dreams. Opportunities like this are vanishingly rare—don’t miss your moment to own a piece of West Coast paradise. (id:39198)
Location
Province
British Columbia
City
Merville
Address
Lenwood
Postal Code
V9J1V4
Location Highlights
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Listed by
Oakwyn Realty Ltd. (NA) British Columbia listing
Category
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
3,699
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
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
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
$1,895,000
Asking Price
$1,895,000
Cap Rate
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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NOI
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
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
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
3,699
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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