Saltspring Islnd Marina for sale: (Listed 2007-10-04)

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• Property Value$2,500,000
• Property AddressFulford Harbor Marina, Saltspring, BC, Canada
• TypeMarina

Saltspring Islnd Address

Fulford Harbor Marina, Saltspring, BC, Canada

Description

The largest most sought after Southern Gulf Island. 1.94 acres upland. 650' Ocean Frontage, 2.06 acre commercial foreshore license. 1,700' docking space, 55 slips. 3600 sq. ft commercial building on 2 levels. Comm & Res zoning.

Features

Listing #: 07186


Price: $2,500,000


Legal Description: Lot D, Section 14, Range 1, South Salt Spring Island Cowichan District, Plan 39622. PID # 000-000-299, Foreshore License #102713 being 0.835 HA.


Taxes: Contact Listing Broker


Zoning: The upland portion has two separate zonings and the foreshore area also has a separate zoning. Which include;

C1(c): Marinas, fuelling stations, retail stores accessory to marine use, offices.

R: One family dwelling (including B&B) home occupation, community hall, library, school, animal hospital and vet. Clinic, doctor or dentist’s office (limited to 2 practitioners).

S2: Commercial Moorage, Residential Moorage, Boat rentals, Warfs.

This is a link to the Islands Trust website which contains all zoning information:

www.islandstrust.bc.ca



Investment Features: Good year round revenue from moorage facility and commercial building. Financial Statements available to qualified inquiries.

The area surrounding Fulford Harbor is being considered for higher density and Fulford Marina is ideally located to capitalize on the areas growth from a commercial and a residential perspective.

Zoning and OCP changes apply at this time but the property lends itself well to a lifestyles condominium project or a shared special intrest group purchase.

Fulford Marina can also be viewed in a totally different light. A majority of the market who seek oceanfront property are making some compromises because very few oceanfront properties can offer moorage capability. This in essence is ultimately what they desire. The market has woken up to the value of the foreshore and private moorage. Consider this, 4 individuals who invest $625,000 each, will give you a ¼ interest in the total offering of approximately 2 acres of upland and 2 acres of Foreshore and 650 feet of oceanfront. Which could be broken down to an entitlement for each individual of approx. ½ acre of premium waterfront, 160 feet of ocean front and ½ acre of Licensed Foreshore that is protected, deep water and last but not least totally improved with a commercial grade moorage facility with approximately 1700 feet of dock space. Can a group of 4 individual’s structure a deal that would make sense to them given the current zoning and make some use of the 3600 square foot structure?

I encourage individuals to do they’re own comparison to see if this makes sense.


Description: Fulford Harbour Marina is located on the Southern end of Salt Spring Island. The 1.94-acre upland lot stretches 650 feet along the oceanfront. Located on the property is an 1800 square foot 2-storey commercial building, built in 1988. A portion of the main floor is utilized for the marina operations as well as washrooms and showers for the marina guests. The remainder is Commercial Lease space. A regulation size 18.3m x 36.5m porous surface tennis court, 3 gazebos with picnic tables, paved driveway and parking lot with 27 spaces are offered to guests/tenants. Plenty of property is still available for development and the construction of a new building and/or single family home. ¼ of the property is currently being utilized. See “zoning” attached below for a list of permitted uses.

There are approximately 1,700 linear feet of docking space constructed of re-enforced concrete over Styrofoam. Accommodating roughly 55 boats. Twenty-three 20-foot slips, twenty 30-foot slips and roughly 600 lineal feet on either side of the outer float. “A” finger is 2.74 meters wide by 120.8 meters long. “B” finger is 1.83 meters wide by 74.5 meters long. Anchored by 18 either steel dolphins or creosote log piles. The outer float is relatively new, and was installed in 2000. Each finger supplies water and power to boaters. Recently a new electrical system and water lines where installed on the floats of the marina.

A timber frame approach pier constructed on driven and anchored creosote piles with a galvanized tidal ramp connects the moorage facility to the land.

Other improvements not mentioned are:

• On site electrical transformer
• Concrete retaining walls
• Underground sprinkler/irrigation system
• 3 Storage sheds
• Custom carved entrance sign

SIZE:

1.94 Acres Upland (Approx. 650 feet ocean frontage)
2.06 Acre Commercial Foreshore Lease.


Location: Salt Spring Island is serviced by BC Ferries from Swartz Bay (Victoria) to Fulford Harbour, Tsawwassen (Vancouver) to Long Harbour and Crofton (Duncan) to Vesuvius. As well, there is regularly scheduled air service from Vancouver and Victoria.

• 22 miles (36km) north of Victoria, British Columbia. (35 minute ferry traveling time).

• 8 miles (14km) east of Duncan, British Columbia. (20 minute ferry traveling time).

• 22 miles (36km) from Vancouver, British Columbia, (1.5 - 3 hour ferry traveling time).


Access: 2810 Fulford Ganges Road. Southern End of Salt Spring Island in Fulford Harbour.


Services: Community Water system, Septic System, Hydro, Telephone. Paved Road access.


Area Data: Salt Spring Island is the largest and most populated of the Canadian Gulf Islands, 17 miles long x 9 miles wide. Salt Spring lies in the sheltered waters off the east coast of Vancouver. Salt Spring Island, the ‘hub’ of the southern Gulf Islands offers ‘city’ services in a rural, pollution and crime free environment. The Island community is friendly and rich in culture. Islanders, on average, are highly educated and well traveled and Salt Spring artisans are known around the world for their superb work. Ganges is the primary village on Salt Spring and the location of most shops, stores, galleries and services.

DEMOGRAPHICS:

Population - Approx. 10,000 year round Residents Approx 20,000 in Summer months
Roads - 650 Km/ 410 Miles
Annual Sunshine - 2,000 + Hours
Annual Rainfall - 84 cm/34 inches
Mean Temp. - (July) 17C / 64 F
Frost Free Season - 8 Months +
Highest Point - Mount Bruce 709 m / 2326 ft
Schools - 1 High, 1 Middle, 4 Elem.
Hospital - 50 beds Intermediate Care, 51 beds Acute care, 19 beds Extended Care 10GP’s, 5 Specialists
Coast Guard - 2 Boats, 11 Staff
Ambulance - 1 Station, 2 Vehicles
Police RCMP - 1 Station, 10 Officers
Fire Halls - 3 Stations, 8 Trucks
Farms - 225
Public Docks - 7
Post Offices - 3
Movie Theatre - 1
Golf Courses - 2-Nine-hole courses
Ferry Terminals - 3
Fairgrounds - 1
Commercial Marinas - 4
Community Halls - 7
Churches - 16


Recreation: Salt Spring Island is famous for its locally grown and hand crafted abilities. The Island is home to more artisans per capita then any where else in BC and perhaps Canada. Sampling organic vegetables, fruit, coffee, wine, beer, cow, goat and sheep cheeses is unsurpassed. Salt Spring Island lamb is world famous. Salt Springs Saturday market has people migrate to the island just for the day to pick up these quality products.

The area is a natural outdoor playground which boasts virtually any type of recreational activity imaginable! Whether you enjoy to have guided programs or prefer to do things at your own pace.

Parks - 8
Lakes - 8
Swimming Pool - 1
Swimming Beaches - 9
Tennis Courts - 5
Athletic Track - 1
Hiking Trails - Many


History: The name Salt Spring refers to a group of brine pools at the north end of the island. The First Nations people called it Klaathem. The first group of non-aboriginal settlers arrived in 1859. Fruit growing, Dairy Farming and Logging were the mainstays of the local economy. One successful enterprise was the Salt Spring Island creamery, which produced prize-winning butter from 1904-1957. Ferry service began in 1930 when the 20-car Cy Peck began a regular run between the island and Swartz Bay.