A-g 118 Rainbow Rd, Salt Spring
Offering a 6.8% cap rate, Mariner’s 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 BC’s most desirable island destinations. (id:1945)
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Property details for A-g 118 Rainbow Rd, Salt Spring
- Type
- Multi-family
- Cooling
- Air Conditioned
- Ownership
- Condo/Strata
- Annual Taxes
- $26,450
Nearby Listings Stat
Estimated price and comparable properties near A-g 118 Rainbow Rd
Active Listings
37
Min Price
$399,000
Max Price
$6,000,000
Avg Price
$1,114,881
Days on Market
131
days
Sold Listings
4
Min Sold Price
$329,000
Max Sold Price
$1,198,000
Avg Sold Price
$681,250
Days until Sold
143
days
Neighbourhood Census Data
Capital F, British Columbia / Colombie-Britannique
Population
511
Median Age
59.9
Median Income
$29,611
Dwelling Value
$399,668
Housing Tenure
Owners 76%
Renters 25%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 269.3/km²
Avg Shelter Cost: $865/mo
Owners with Mortgage: 33.3%
Owners Spending 30%+: 25%
Tenants Spending 30%+: 83.3%
English only: 88.3%
English and French: 10.7%
Median Household Income: $51,584
Median Employment Income: $16,160
Price History
Listed
September 25, 2026
by Pemberton Holmes Ltd.
Current Price
$6,000,000
Type
Multi-family
For Sale
Contact Agent Get in touch about A-g 118 Rainbow Rd, Salt Spring
Kane Ryan
Pemberton Holmes Ltd.