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10990 Madrona Dr
NS Deep Cove North Saanich V8L 5R7

$4,999,000
Commercial Sale

Main Photo: 10990 Madrona Dr in North Saanich: NS Deep Cove Other for sale : MLS®# 997131
Photo 1: 10990 Madrona Dr in North Saanich: NS Deep Cove Other for sale : MLS®# 997131
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
997131
High quality income producing property that includes moorage and commercial rental income. Exceptional well maintained marina with two titled lots and a long-term foreshore lease. Extensive (high quality) renovations have made this marina a stand out. The property has an approx. 4,000 sq. ft, commercial building that contains commercial office space and one residential unit. Moorage is approximately 1,610 lineal feet with little to no vacancy over the past several years. Deep Cove Marina N. Saanich is minutes away from the Victoria International Airport, BC Ferries (Swartz Bay), Sidney and only 34km to Victoria. Moorage space on Vancouver Island is in high demand and space is very limited making this a secure long term investment. Offering is an Asset Sale based on a cost approach to valuation. All sizes are approximate and should be verified independently. Qualified buyer's - NDA required. DO NOT TOUR SITE WITHOUT BOOKING AN APPOINTMENT.
Property Type:
Commercial Sale
Type:
Other
Commercial Type:
Building, Business, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
NS Deep Cove, North Saanich
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1.528 acre(s)
Taxes:
Building Features:
Parking, Visual Exposure, Workshop
Construction:
Block, Frame Wood, Other
New Construction:
No
Foundation:
Slab
Electricity:
Yes
Number of Storeys:
2
Ceiling Heights:
Total Building Area:
4,078 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Mixed
Fireplace:
No
Pending Date:
Balcony, Balcony/Patio, Garden, Lighting, Low Maintenance Yard
Mountain(s), Ocean
Ocean Front
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
District of North Saanich
Legal Description:
Zoning:
M-4 (Commercial Marina 2)
Units in Building:
Units in Community:
Property Condition:
Updated/Remodeled
Utilities:
Cable Available, Electricity Connected, Garbage, Phone Connected, Recycling
Lot Site Features:
Dock/Moorage, Foreshore Rights, Landscaped, Marina Nearby, Quiet Area, Recreation Nearby, Serviced, Walk on Waterfront
Parking Features:
On Site
Business Name:
Deep Cove Marina
Business Type:
Marine, Other
Total Units:
Date Listed:
May 02, 2025
Original Price:
4999000.0
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Listed by Coldwell Banker Oceanside Real Estate
Data was last updated May 6, 2025 at 04:05 AM (UTC)

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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.