778-900-3916
10990 Madrona Dr, North Saanich, BC for Sale
Marinas - FOR SALE
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10990 Madrona Dr
North Saanich, BC V8L 5R7


HIGHLIGHTS

  • Rare oceanfront marina asset with approximately 1,610 lineal feet of moorage in a supply-constrained Vancouver Island market
  • Diversified income streams including moorage, commercial tenancy, residential unit, charter operations, and sailing school
  • Two titled lots plus long-term foreshore lease, totaling 1.53 acres with M-4 (Commercial Marina 2) zoning
  • Extensively renovated and well-maintained docks, infrastructure, and ~4,000 SF commercial building
  • Historically minimal vacancy and strong regional demand supporting stable, long-term cash flow

OVERVIEW

Deep Cove Marina presents a rare opportunity to acquire a premier oceanfront marina in one of Vancouver Island’s most supply-constrained marine markets. This high-quality, income-producing property spans two titled lots and includes a long-term foreshore lease, offering approximately 1,610 lineal feet of moorage. The site features a well-maintained 4,000-square-foot commercial building that incorporates office space and a residential unit, creating diversified revenue streams from moorage, commercial tenancy, and residential rental income. The marina has undergone extensive renovations, ensuring modern infrastructure and operational efficiency. Historically, moorage demand in this region has been exceptionally strong, with minimal vacancy, reinforcing the property’s stable long-term income potential. Zoned M-4 (Commercial Marina 2), the site benefits from direct oceanfront access and sweeping mountain and ocean views, making it a highly desirable destination for boaters and marine businesses.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deep Cove Marina & Island Cruising

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

M-4

APN/PARCEL ID

024-096-555,024-096-571

ASK ABOUT THIS PROPERTY

Cynthia DongCASM Global Real Estate CorproationMore Info
778-900-3916

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Cynthia DongCASM Global Real Estate CorproationMore Info
778-900-3916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.