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Snung Cove Portfolio 2 Properties Offered at $3,295,182 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 in the heart of Snug Cove.
- Conveniently located within walking distance of the Snug Cove Ferry Terminal.
- One of Bowen Island’s few available multi-family investment opportunities.
Executive Summary
This offering presents a rare chance to acquire a 7.5-acre mixed-use property located in Snug Cove on Bowen Island. The site includes three residential rental buildings with a total of 12 units, as well as a commercial building with approximately 5,476 sq. ft. of rentable area, available with vacant possession for an owner-user. The property is one of the island’s few multi-family assets and provides strong investment fundamentals supported by extremely low local vacancy and close proximity to ferry service, amenities, and community services. Situated within walking distance of the Snug Cove Ferry Terminal, the properties benefit from excellent connectivity, including a 20-minute ferry ride to Horseshoe Bay. The surrounding area offers convenient access to restaurants, parks, schools, shops, and essential services. The site spans 7.53 acres and is zoned CD2 (Comprehensive Development 2), featuring mixed-use functionality with both residential and commercial space. Residential suites include a mix of studio, one-bedroom, two-bedroom, and three-bedroom units across buildings constructed in 2003.
Property Facts
| Price | $3,295,182 USD | Number of Properties | 2 |
| Price / SF | $212.21 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 | $3,295,182 USD |
| Price / SF | $212.21 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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