3 1002 Peninsula Rd, Ucluelet
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)
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
Bedrooms
1
Bathrooms
1
Living Area
357 square feet
Waterfront
Waterfront on ocean
Lot Features
Community Features
Heating
Baseboard heaters, Electric
Cooling
None
$485,000
Association Fee
$322 Monthly
Office
460 Realty Inc. (UC)
Loan Amount:
$388,000
Estimated Monthly Payment:
$1,891
This is an estimate for informational purposes only. Consult with a financial advisor.
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