











1/13Lt 31 Malaspina Dr, Gabriola Island, BC V0R1X1
$237,500 total
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Asset Class
Land
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
93%
Lot Size
0.28351698806244263 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for Lt 31 Malaspina Dr, Gabriola Island.
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.