Price
$1,788,888
BedroomsNot listed
BathroomsNot listed
Size8420 sqft
Year Built1981
Property TypeCommercial
Property Taxes$19,442
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)
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.
$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
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
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.
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.