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$210,000 total
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Asset Class
Specialty
Size
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Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
85%
Lot Size
0.03213957759412305 ac
Own a slice of paradise at the Otter Point Recreational Cooperative Association (OPRCA), a private, members-only waterfront resort located on a flat 6.63-acre parcel just 7 km from Sooke and 43 km from Victoria. This unique shared-ownership property boasts spectacular south-facing views of the Salish Sea and Olympic Mountain Range, offering shares in the cooperative alongside your own personal, posh trailer complete with an attached sunroom and storage shed. The park is open and accessible year-round for up to six months (maximum 182 days) per calendar year, making it the perfect low-maintenance seasonal escape or weekend getaway, though it cannot be used as a permanent residence. All 108 sites are fully serviced with water, electricity, and septic sewage, with all park operating expenses (except individual site electricity) conveniently shared among members. Premium community amenities include a full-time resident caretaker at the front gate for added peace of mind, an expansive oceanside lawn stretching the entire length of the beach, a private dock to launch your boat or paddleboard, fully equipped laundry and shower facilities, a cozy lending library, and a seasonal canopy tent for outdoor owner gatherings. Whether you are spotting bald eagles from your doorstep, socializing with a warm community of fellow co-op members, exploring the rugged coastline, or simply hibernating with a book to the soothing sounds of the ocean waves, this exclusive property offers a rare coastal lifestyle you won't want to miss! (id:66811)
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Monthly debt service
$970
Projected NOI
$12K
Annual cash flow
$374
Cash-on-cash
0.59%
DSCR
1.03
Going-in cap
5.72%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
46,912
Households
17,235
Median income
$65,000
Median age
38.8
Daytime population
56,652
5-yr growth
6.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 72 7899 West Coast Rd, Sooke.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.