Learn more about this property online at:
https://www.collierscanada.com/p-can2011308
https://www.collierscanada.com/p-can2011308
- For Sale
For Sale
$6,495,000 CAD
Mariner's Loft
Situated on a slight ridge overlooking Ganges Harbour on popular Salt Spring Island, this immaculate property provides for 7 modern and graciously appointed rental suites. Offering approximately 8,300 square feet of rentable area, these suites are within a few minutes walk from downtown Ganges and provide incredible views and amenities.
Offered as a package, the Mariner’s Loft is an active and popular vacation rental building that provides strong cash flow and positive operating history.
Since acquiring the facility the current owners have dramatically improved the occupancy and revenue for this popular destination, largely through the rebranding and streamlining of its on-line presence, and a highly refined and targeted marketing strategy. Combined with a reduction in management expenses, community partnerships and cross promotion with related industry participants, the Vendor’s have seen monthly revenue increases in 2022 of 10% to 45% vs. any other previous month.
This is a solid building in an incredible location that can be easily managed. Finally, although the units are zoned for short to medium to rental, the buildings top floor 3 – bedroom unit is permitted for full time occupancy, making this ideal for an owner operator.
Offered as a package, the Mariner’s Loft is an active and popular vacation rental building that provides strong cash flow and positive operating history.
Since acquiring the facility the current owners have dramatically improved the occupancy and revenue for this popular destination, largely through the rebranding and streamlining of its on-line presence, and a highly refined and targeted marketing strategy. Combined with a reduction in management expenses, community partnerships and cross promotion with related industry participants, the Vendor’s have seen monthly revenue increases in 2022 of 10% to 45% vs. any other previous month.
This is a solid building in an incredible location that can be easily managed. Finally, although the units are zoned for short to medium to rental, the buildings top floor 3 – bedroom unit is permitted for full time occupancy, making this ideal for an owner operator.
