For Sale · Land

1596 VANCOUVER BLVD, Savary Island

1596 VANCOUVER BLVD, Savary Island, BC V0N2G0

$275,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

93%

Lot Size

0.444742883379247 ac

About this property

An exceptional opportunity to own a beautiful south-facing, high-bank waterfront property on Savary Island. Located mid-island, this approximately 51-foot-wide by 387-foot-deep, partially cleared property offers spectacular ocean views, abundant sunshine, and plenty of space to build your dream island retreat. The elevated waterfront setting captures the breathtaking views that make Savary's south shore so special. Access is provided by an easement through 1604 Vancouver Boulevard, providing an access way to the main road, Vancouver Blvd. This is an ideal opportunity to create your own off-grid getaway on one of the most beautiful islands along the BC coast. Savary Island is renowned for its miles of white sandy beaches, warm summer swimming waters, and exceptionally mild year-round climate. Often described as the Hawaii of the North, Savary remains one of Canada's most special coastal destinations. Come see for yourself what makes this property and Savary Island so special. (id:66811)

Financial sandbox

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Estimate
Purchase price$275K
Down payment30% · $83K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$12K

Annual cash flow

$-3K

Cash-on-cash

-4.06%

DSCR

0.78

Going-in cap

4.32%

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

43,846

Households

19,703

Median income

$116,500

Median age

33.2

Daytime population

48,632

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 1596 VANCOUVER BLVD, Savary 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.