Looking for an opportunity to combine a lifestyle choice with a business enterprise?
Here's a gem, a peaceful family style lakeside resort, with growth potential, too!
On 5.35 private & sunny acres (s/sw/w exposures...enjoy the sunsets from here!), a quiet area close to all services/amenities, yet wonderfully "apart" and calm, this gem offers nine upgraded and renovated year-round fully equipped cottages, with wood-burning fireplaces.
Lovely lake shore/beach area, on tranquil St. Mary's Lake, off Suffolk Road. An English Country Garden charm, here!
A family enterprise, well-maintained, with excellent repeat clientele. Continue this business model, or consider building out the allowable (zoned for same) cottage count...zoning allows for a total of 22 cottages.
Another option is the strata-resort concept...it is possible to sell the individual cottages, they would remain in a managed rental pool, and this is a business format that the Islands Trust has approved on Salt Spring. Call me, for details.
Appraisers tend to look at commercial zonings with a three tier approach: one third is the zoning itself (Trust said what could be zoned commercially back in 1974: cannot replicate this zoning, thus, so it has an intrinsic value on it's own); another third is the actual business in place; a further third of valuation would be the real estate itself: the Trust might agree to downzone to residential, and, if so, then would a small lakefront subdivision be possible? An interesting proposal, perhaps, to take to the Trust for comment.
Please do not disturb owners or guests; appointments to view this lakefront resort are essential! 24 hour notice preferred. Call me....
Ah...opportunity beckons.....
How may I help you to discover special Salt Spring Island & the Southern Gulf Islands? Call me!
