For Sale · Specialty

18 Sayward Rd, Sayward

18 Sayward Rd, Sayward, BC V0P1R0

$8.5M total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

89%

Lot Size

55.91 ac

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$8.50M
Down payment30% · $2.55M
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 18 Sayward Rd, Sayward.

NDA required
  • 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.