IDX / Reciprocity
1241 Sutherland Dr
Du Cowichan Bay
Cowichan Bay
V0R 1N2
$3,278,100
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1006691
- Photos (3)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
Endless potential with this rare mixed-use waterfront opportunity at Paradise Marina. Nearly 1.5 acres (combined with 4635 Lanes Rd) of low-bank waterfront with stabilized net income of approx.$340,000. Potential gross income is approx. $590,000, with operations trending toward stabilization. Vendor take back financing available. OCP outlines future mixed-use supporting commercial units. Potential to add up to 17 cabins for recreational hoteling or retreat use, with accessory options like cafes, restaurants, or retail. Includes 2 rebuilt Superhost-rated cabins, redesigned marina with 84 slips, 2,800 linear ft of dock, launch ramp, and $2.5M in upgrades. Docks recently added, dragged, retightened with new anchoring, electrical, and metered slips. Marina is in demand with simple, efficient operations. 23 years remain on assignable and transferable foreshore lease. Ownership open to assisting new management with training. Must be sold with 4635 Lanes Rd
- Property Type:
- Commercial Sale
- Type:
- Other
- Commercial Type:
- Building, Business, Land
- Lease Type:
- See Remarks
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Du Cowichan Bay, Duncan
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 1.17 acre(s)0.47 hectare(s)
- Taxes:
- Signup
- Ceiling Heights:
- Signup
- Total Building Area:
- 2,600 sq. ft.242 m2
- Commercial Area:
- Signup
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- Duncan Rural (765)
- Legal Description:
- Signup
- Parking Features:
- On Site
- Business Type:
- Marine
- Total Units:
- Signup
- Date Listed:
- Jul 03, 2025
- Original Price:
- 3278100.0
Virtual Tour
Larger map options:
Listed by Colliers
Data was last updated July 16, 2025 at 06:05 AM (UTC)
Area Statistics
- Listings on market:
- 57
- Avg list price:
- $1,499,000
- Min list price:
- $99,800
- Max list price:
- $14,000,000
- Avg days on market:
- 78
- Min days on market:
- 2
- Max days on market:
- 723
These statistics are generated based on the current listing's property type
and located in
Duncan. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- WIN MYINT
- 460 REALTY
- 1 (250) 732-8388
- Contact by Email
- SANDY LIU
- 460 REALTY
- 1 (250) 732-8878
- Contact by Email
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.