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3 1002 Peninsula Rd, Ucluelet

MLS® #1028774
About this Property

Own a turnkey, high-revenue West Coast investment property for under $500K. The Orca Suite at Terrace Beach is a charming, fully refreshed 1-bedroom upper-boardwalk suite that sleeps four and boasts excellent rental income. Driven by strong and consistent demand, the summer months are already almost fully booked, building on a stellar June that achieved over 75% occupancy and netted nearly $4,000 after all management fees. Located in the iconic Terrace Beach Resort, the property features signature post-and-beam accents, an electric fireplace, a newly updated bathroom and kitchenette, and extensive building-wide structural upgrades. Steps from the world-renowned Wild Pacific Trail, it offers premier beachcombing, paddleboarding, and kayaking right at your doorstep. With flexible CS-5 zoning for self-management or professional hire, this prime revenue generator sits just 3 minutes from Ucluelet’s vibrant cafés and breweries and a short drive to Tofino. (id:62865)

Property Information

Status

Active

Year Built

1999

Property Type

Apartment

Ownership

Condo/Strata

Parking Spaces

1

Annual Tax

$3,717

Zoning

Commercial

Parcel Number

024-648-981

Data Source

Vancouver Island Real Estate Board

Interior Details

Bedrooms

1

Bathrooms

1

Living Area

357 square feet

Exterior & Lot

Waterfront

Waterfront on ocean

Lot Features

OtherMarine Oriented

Community Features

Family OrientedPets Allowed With Restrictions
Building & Utilities

Heating

Baseboard heaters, Electric

Cooling

None

$485,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
1Beds
1Baths
357sqft
Association Details

Association Fee

$322 Monthly

Listing Courtesy of

Office

460 Realty Inc. (UC)

Mortgage Calculator
$97,000

Loan Amount:

$388,000

Estimated Monthly Payment:

$1,891

This is an estimate for informational purposes only. Consult with a financial advisor.