For Sale · Specialty

118 6971 West Coast Rd, Sooke

118 6971 West Coast Rd, Sooke, BC V9Z0V1

$97,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

89%

Year Built

2007

Lot Size

0.0310376492194674 ac

About this property

Sooke Harbour Resort and Marina offering well appointed townhomes in a breathtaking Oceanfront setting. Uniquely positioned in the heart of some of the best salmon fishing found on the West Coast of Vancouver Island, this 2 bedroom, 2 full bathroom townhouse comes completely furnished & featuring Granite Kitchen open to adj Dining & smart LR with slider to deck & BBQ. Attractive view Master suite complete with 4 pc ensuite. Finally an affordable opportunity for Oceanfront recreational Real Estate to meet your needs. Stay awhile then take advantage of the revenue generating aspect of your investment. The price reflects 1/4 ownership Strata fees include Hydro, Water/Sewer, Bldg Insurance, Mgmt, Garbage p/u and Yard Maintenance. Sooke Harbour Resort & Marina is purpose built and with strata/hotel designation and provides continued short term rental revenue opportunities or makes a great island getaway. Unit is steps from the marina and enjoys excellent ocean views and harbour views. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$97K
Down payment30% · $29K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$448

Projected NOI

$6K

Annual cash flow

$243

Cash-on-cash

0.83%

DSCR

1.05

Going-in cap

5.79%

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

63,592

Households

29,597

Median income

$129,500

Median age

35.5

Daytime population

78,333

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 118 6971 West Coast Rd, Sooke.

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.