For Sale · Land

Lt 31 Malaspina Dr, Gabriola Island

Lt 31 Malaspina Dr, Gabriola Island, BC V0R1X1

$237,500 total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

93%

Lot Size

0.28351698806244263 ac

About this property

Morning walks to the Malaspina Galleries, afternoon swims at Twin Beaches. Both are a short walk from this level 0.28-acre lot on Gabriola Island’s north end. Lot 31 borders an acreage and has a mix of trees and cleared areas, a roughed-in driveway, an outbuilding and two cisterns. A septic system was installed in 1996, and electricity is connected to the outbuilding. Known as the “Isle of the Arts,” Gabriola has an active arts scene, an extensive trail network and a strong sense of community. Nanaimo is a 25-minute ferry ride away, with two vessels serving the route. Whether you’re looking for a recreational getaway, a place to retire or a lot for your future home, you’ll have some of Gabriola’s best shoreline close by. Buyers to verify any information they deem important. (id:66811)

Financial sandbox

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Estimate
Purchase price$238K
Down payment30% · $71K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$12K

Annual cash flow

$-814

Cash-on-cash

-1.14%

DSCR

0.94

Going-in cap

5.20%

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

67,977

Households

29,202

Median income

$62,000

Median age

39.4

Daytime population

88,670

5-yr growth

6.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for Lt 31 Malaspina Dr, Gabriola Island.

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.