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A-G 118 Rainbow Rd, Salt Spring
2026-09-26
Quick Summary
- Location
- A-G 118 Rainbow Rd, Salt Spring, British Columbia V8K2R7
- Price
- $6,000,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Garages:
- 8
MLS®#1050608
Property Description
Offering a 6.8% cap rate, Marinerâs Loft is a turnkey seven-suite hospitality investment property overlooking Ganges Harbour. Built in 2011, the approximately 8,473 sq. ft. building occupies an elevated 0.41-acre site in the heart of Ganges, steps from shops, restaurants, galleries, marinas and floatplane service. The seven individually stratified units include six two-bedroom, two-bathroom suites and a three-bedroom, two-bathroom penthouse. Each offers a full kitchen, open living area, in-suite laundry, private entrance and deck or patio. Features include gated access, on-site parking, fireplaces, furnishings and recently installed heat-pump systems. With CA-1(d) Commercial Accommodation zoning, staff in place, a strong online presence, a 4.8-star Google rating and seven separate strata titles, the growing hospitality operation offers current income, operational upside and long-term flexibility in one of BCâs most desirable island destinations. (id:32467)
Property Features
Building
- Cooling Type: Air Conditioned
- Fireplace: No
- Building Type: Multi-Family
Ownership
- Type: Strata
Information entered by Pemberton Holmes Ltd.
Listing information last updated on: 2026-09-25 12:33:38
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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