








1/1018 Sayward Rd, Sayward, BC V0P1R0
$8.5M total
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Asset Class
Specialty
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
89%
Lot Size
55.91 ac
A 55.91-acre waterfront site on northern Vancouver Island, above Kelsey Bay with views of Mt. H'Kusam, the Salmon River estuary, and Johnstone Strait. This property carries confirmed, Council-adopted zoning across four designations: R-1 — the majority of the site. Phase One engineering allows for up to 45 lots RC— supports multi-family and mixed commercial use C-2 — permits retail, restaurant, and neighbourhood pub use. PA-2 — a protected estuary-edge buffer along the shoreline. Village of Sayward water, sewer, power, and pavement are brought to the property line, with power extended into the Phase One area Heavy equipment currently on site is available, along with the option for the current operator to remain engaged for site work. The terrain also supports a blast-mat production operation. The adjacent Kelsey Bay Marina and wharf facility sit on a separately-owned parcel and are not included in this sale, but may be available through a separate transaction (id:66811)
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Monthly debt service
$39K
Projected NOI
$466K
Annual cash flow
$-5K
Cash-on-cash
-0.19%
DSCR
0.99
Going-in cap
5.48%
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
62,522
Households
22,096
Median income
$120,000
Median age
33.3
Daytime population
82,335
5-yr growth
0.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 18 Sayward Rd, Sayward.
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.