118 Rainbow Rd ##A-G, Salt Spring, BC V8K 2R7
118 Rainbow Rd ##A-G, Salt Spring, BC V8K 2R7
118 Rainbow Rd ##A-G, Salt Spring, BC V8K 2R7
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Listing by Kane Ryan Pemberton Holmes Ltd.
$6,000,000
Est. payment /mo
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8,473 SqFt
Active

118 Rainbow Rd ##A-G Salt Spring, BC V8K 2R7

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Kyle Kerr PREC

Kyle Kerr PREC

+1(250) 818-5595

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,473 sqft

Price per Sqft $708

MLS Listing ID 1050608

HOA Y/N No

Annual Tax Amount $26,450

Tax Year 2026

Property Sub-Type Multi Family

Property Description

Offering a 6.8% cap rate, Mariner's Loft is a turnkey seven-suite hospitality investment property overlooking Ganges Harbour. Built in 2011, the approximately 8,473 sq. ft. building occupies an elevated 0.41-acre site in the heart of Ganges, steps from shops, restaurants, galleries, marinas and floatplane service. The seven individually stratified units include six two-bedroom, two-bathroom suites and a three-bedroom, two-bathroom penthouse. Each offers a full kitchen, open living area, in-suite laundry, private entrance and deck or patio. Features include gated access, on-site parking, fireplaces, furnishings and recently installed heat-pump systems. With CA-1(d) Commercial Accommodation zoning, staff in place, a strong online presence, a 4.8-star Google rating and seven separate strata titles, the growing hospitality operation offers current income, operational upside and long-term flexibility in one of BC's most desirable island destinations.

Location

Province BC

County Islands Trust

Community Gi Salt Spring

Area Gulf Islands

Interior

Cooling Air Conditioning

Fireplace No

Exterior

Parking Features On Site

Garage Spaces 8.0

View Y/N true

View Ocean

Total Parking Spaces 8

Garage No

Others

Ownership Freehold/Strata

Special Listing Condition Updated/Remodeled

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.”

NEARBY SCHOOLS & PROPERTIES

Initium Real Estate Ltd

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A 4B1

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118 Rainbow Rd ##A-G