Commercial Real Estate
321 Fernwood Rd
GI Salt Spring
Salt Spring
V8K 1C3
$2,195,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1045135
- Photos (22)
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Excellent opportunity to acquire one of the few commercial properties in the Fernwood area of Salt Spring. This surprisingly busy corner includes Flora Cafe and is steps away from Fernwood Dock and 10 minutes to Ganges. Currently operating as the highly popular ‘Off the Hook’ restaurant, this 1/3 acre property boasts stunning ocean views and is improved with an approximate 3,400 sq.ft building with a licensed restaurant and 3-bed suite above, perfect for staff or an owner/operator. Licensed for 100 seats, the property also includes a seasonal patio for 48 guests. Significant renovations in recent years include all new main floor plumbing, elec. upgrades, commercial kitchen, new roof and flooring, custom bar, paving and more. This property shows like new with high quality finishings including a 24' long custom live edge liquor and sushi bar, outdoor wood fired pizza oven, modern lighting and more. On-site storage includes an exterior cooler and sea can.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- GI Salt Spring, Gulf Islands
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 16,460 sq. ft.1,529 m2
- Taxes:
- Signup
- Building Features:
- Parking
- Construction:
- Frame Wood, Insulation All
- New Construction:
- No
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Ceiling Heights:
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- Floor finish:
- Laminate, Tile
- Total Building Area:
- 3,334 sq. ft.310 m2
- Commercial Area:
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- Subdivisable Area:
- No
- Water supply:
- Municipal
- Sewer:
- Septic System
- Cooling:
- Partial
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Pending Date:
- Signup
- Equip/Machinery, Fixtures, Goodwill, Inventory
- Balcony/Patio, Outdoor Kitchen
- Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- Gulf Islands Rural (764)
- Legal Description:
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- Zoning:
- C-3
- Legal Non-Conformance:
- No
- Units in Building:
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- Units in Community:
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- Other Equipment:
- Propane Tank, Other Improvements
- Occupancy:
- Owner
- Property Condition:
- Updated/Remodeled
- Utilities:
- Electricity Connected, Phone Connected
- Lot Site Features:
- Easy Access, Family-Oriented Neighbourhood, Marina Nearby
- Parking Features:
- On Site
- Total Parking Spaces:
- 19
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Aug 04, 2026
- Original Price:
- 2195000.0
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Larger map options:
Listed by Colliers
Data was last updated August 20, 2026 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $1,150,000
- Min list price:
- $499,000
- Max list price:
- $17,800,000
- Avg days on market:
- 160
- Min days on market:
- 16
- Max days on market:
- 514
These statistics are generated based on the current listing's property type
and located in
Gulf Islands. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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- Exp Realty Inc
- 1-778-401-9545
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.
