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Land For Sale at Lot 1 Owen Bay in Sonora Island, British Columbia

4 Sale ID #183450
Updated 20 Jun 2024

Asking Price

$299,900

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

Oceanfront property on the eastern shore of Owen Bay, Sonora Island, offering a licensed dock, cleared building site and driveway, domestic water, easy access and zoning that permits two dwellings. The medium bank 350ft shoreline is attractive rock bluff and treed, with a small bench that could potentially accommodate a small building. The property slopes upwards, with a bench just above the middle of the property where a large area has been recently cleared for a building site. A shallow dug well provides domestic water and is situated at the building site for ease of development. The property is nicely treed outside of the cleared areas, offering good privacy and abundant natural beauty. There are two options for access to the property. From the dock at the shoreline, there is a trail which leads to the driveway which starts about a third of the way up the property and winds its way to the building site. The trail from the dock to the driveway is only accessible on foot, and is quite steep, but short. Future improvements to this trail would increase accessibility to the dock. There is a registered easement for low bank easy access to and from the ocean at lot 3. This access area has been improved with a reinforced shoreline. From this spot an easement road runs through Lots 2 and 3, providing access to the middle portion of Lot 1. This access is wide enough to accommodate a vehicle. Lot 1 also benefits from licensed private moorage at the oceanfront, with a wooden dock and 50x4ft aluminum ramp affixed in place to the shoreline. This property offers a variety of options and uses. It would make a great summer camping getaway spot for family and friends, a secluded recreational retreat, a group purchase, or develop it into a substantial coastal homestead. . Barge in a camper or RV to enjoy now while making plans for the future. (id:39198)

  • MLS® : #948862
  • Date Listed : 23 Nov 2023

Location

Province

British Columbia

City

Sonora Island

Address

Lot 1 Owen Bay

Postal Code

V0P1W0

Location Highlights

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Listed by

Royal LePage Advance Realty 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

$299,900

Asking Price

$299,900

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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