4635 / 4655 Lanes Rd Cowichan Bay, British Columbia V0R 1N2
$2,336,400
Endless potential with this rare mixed-use waterfront opportunity at Paradise Marina. Nearly 1.5 acres (combined with 1241 Sutherland Dr.) of low-bank waterfront with stabilized net income of approx. $340,000. Potential gross income is approx. $590,000, with operations trending toward stabilization. Vendor take back financing available. OCP outlines future mixed-use supporting commercial units. Potential to add up to 17 cabins for recreational hoteling or retreat use, with accessory options like cafes, restaurants, or retail. Includes 2 rebuilt Superhost-rated cabins, redesigned marina with 84 slips, 2,800 linear ft of dock, launch ramp, and $2.5M in upgrades. Docks recently added, dragged, retightened with new anchoring, electrical, and metered slips. Marina is in demand with simple, efficient operations. 23 years remain on assignable and transferable foreshore lease. Ownership open to assisting new management with training. Must be sold with 1241 Sutherland Dr. (id:55599)
Business
| Business Type | Recreation |
| Business Sub Type | Marina |
Property Details
| MLS® Number | 1038031 |
| Property Type | Other |
| Neigbourhood | Cowichan Bay |
| Plan | Vip77540 |
Building
| Type | Other |
Land
| Acreage | No |
| Size Irregular | 13121 |
| Size Total | 13121 Sqft |
| Size Total Text | 13121 Sqft |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/29800221/4635-4655-lanes-rd-cowichan-bay-cowichan-bay
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May 25 2026 04:42:57
Vancouver Island Real Estate Board
Colliers