For Sale · Specialty

LOT 43 DOUGLAS BAY, Gambier Island

LOT 43 DOUGLAS BAY, Gambier Island, BC V0N1V0

$339,000 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

Year Built

2009

Lot Size

3.68 ac

About this property

Looking for an escape from the public? Gambier Island sits surprisingly close to Vancouver, with Douglas Bay just 45 minutes by boat from Horseshoe Bay. This is a weekend warrior's ideal retreat, where you can relax by the campfire without reserving a crowded campsite or setting up a tent. Douglas Bay is particularly sought after by buyers in the know for its more remote, secluded feel compared with much of Gambier Island. Within the community, inland view lots are especially appealing for their more accessible price point, improved sun exposure compared with many lower waterfront properties, and most of all, their breathtaking views. It is only a few minutes farther by boat, but that slight extra distance means fewer people, greater privacy, and an especially peaceful setting. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$339K
Down payment30% · $102K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$96

Cash-on-cash

0.09%

DSCR

1.01

Going-in cap

5.57%

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

89,681

Households

33,962

Median income

$98,500

Median age

31

Daytime population

92,423

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for LOT 43 DOUGLAS BAY, Gambier 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.