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Snung Cove Portfolio 2 Properties Offered at $3,316,139 in Bowen Island, BC
Investment Highlights
- Owner-user opportunity with vacant possession of the ground floor commercial space
- Includes 12 residential rental units plus a commercial building with vacant possession potential.
- Extremely low local rental vacancy (0.7%) supporting strong demand.
- 7.53-acre mixed-use property featuring residential and commercial components
- Conveniently located within walking distance of the Snug Cove Ferry Terminal.
- One of Bowen Island’s few available multi-family investment opportunities.
Executive Summary
his offering presents a rare chance to acquire a 7.53-acre mixed-use investment property located in Snug Cove on Bowen Island, BC. The portfolio includes three rental apartment buildings comprising 12 residential units, along with a commercial building providing more than 5,400 sf of rentable space. With vacant possession available for the ground-floor commercial portion, the property suits both investors and potential owner-operators. Its proximity to key amenities and the Snug Cove Ferry Terminal enhances its appeal as one of the few multi-family assets on Bowen Island.
Positioned near the heart of Snug Cove, the property offers convenient access to local shops, restaurants, parks, Bowen Island Community School, and the ferry terminal, which connects to Horseshoe Bay in approximately 20 minutes. Surrounded by natural scenery and village amenities, the site combines tranquillity with excellent connectivity to Metro Vancouver. The lands are designated Cates Hill Residential and fall under CD2 zoning, supporting a mix of residential and commercial uses. The buildings include 12 units across studio, one-bedroom, two-bedroom, and three-bedroom layouts, alongside well-located commercial space on a two-storey structure built in 2003.
Positioned near the heart of Snug Cove, the property offers convenient access to local shops, restaurants, parks, Bowen Island Community School, and the ferry terminal, which connects to Horseshoe Bay in approximately 20 minutes. Surrounded by natural scenery and village amenities, the site combines tranquillity with excellent connectivity to Metro Vancouver. The lands are designated Cates Hill Residential and fall under CD2 zoning, supporting a mix of residential and commercial uses. The buildings include 12 units across studio, one-bedroom, two-bedroom, and three-bedroom layouts, alongside well-located commercial space on a two-storey structure built in 2003.
Property Facts
| Price | $3,316,139 USD | Number of Properties | 2 |
| Price / SF | $213.56 USD / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 15,528 SF |
| Sale Type | Investment or Owner User | Total Land Area | 8.57 AC |
| Status | Active |
| Price | $3,316,139 USD |
| Price / SF | $213.56 USD / SF |
| Cap Rate | 5% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,528 SF |
| Total Land Area | 8.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 505-507 Bowen Island Trunk rd, Bowen Island, BC V0N 1G1 | Multifamily | 10,052 SF | 2003 | - |
| 981 Artisan Ln, Bowen Island, BC V0N 1G2 | Office | 5,476 SF | 2003 | - |
Contacts
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Stuart Wright -
Carey Buntain -
Michael Emmott -
Megan Low -
Jonathan Hallett -
Avison Young
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