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  1. Home
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  3. Cowichan Valley Real Estate
  4. Crofton Real Estate
  5. Chaplin

1568 Chaplin Street, Crofton Crofton

Price

$1,788,888

BedroomsNot listed

BathroomsNot listed

Size8420 sqft

Year Built1981

Property TypeCommercial

Property Taxes$19,442

Description

Discover an exceptional investment opportunity with Croft Inn Motel, the only motel in the charming town of Crofton, BC. Ideally situated just steps from the BC Ferry Terminal, this well-established15-room motel offers steady income potential with its prime location, ocean views, and upgraded facilities. This two-story motel is a solid frame and concrete block structure with a tar and gravel roof and individually metered units. Guests enjoy a beautiful cedar deck for summer BBQs and gatherings, while the owner's suite features a private rooftop gazebo with breathtaking panoramic ocean views. Additionally, the property has full kitchens in 12 one-bedroom units and two studio suites, an office, and a laundry room. With proximity to Salt Spring Island Ferry, this motel is a hotspot for tourists, travelers, and fishing enthusiasts, providing opportunities to generate extra revenue through fishing tours. The well-maintained building, excellent location, and business potential make this a rare investment with an exceptional lifestyle appeal. Act quickly to secure this thriving hospitality business (id:39198)

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Listed By

The listing brokerage and/or agent is Nationwide Realty Corp.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$8,047 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,431,111

Total Interest Payments

$882,367

Total Payment (Principal + Interest)

$2,313,478


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Cashflow Calculator

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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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Comber Friesen Group

Realtors

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Meet Alex & Georgia

Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

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Engel & Võlkers Vancouver Island

735 Humboldt St, Victoria, BC V8W 1B1

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions