Rick Turcotte

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10990 Madrona Dr in North Saanich: NS Deep Cove Other for sale : MLS®# 997131

10990 Madrona Dr North Saanich V8L 5R7 : NS Deep Cove

Main Photo: 10990 Madrona Dr in North Saanich: NS Deep Cove Other for sale : MLS®# 997131
$4,999,000
Prop. Type:
Commercial Sale
MLS® Num:
997131
Status:
Active
High quality income producing property that includes moorage and commercial rental income. Exceptional well maintained marina with two titled lots and a long-term foreshore lease. Extensive (high quality) renovations have made this marina a stand out. The property has an approx. 4,000 sq. ft, commercial building that contains commercial office space and one residential unit. Moorage is approximately 1,610 lineal feet with little to no vacancy over the past several years. Deep Cove Marina N. Saanich is minutes away from the Victoria International Airport, BC Ferries (Swartz Bay), Sidney and only 34km to Victoria. Moorage space on Vancouver Island is in high demand and space is very limited making this a secure long term investment. Offering is an Asset Sale based on a cost approach to valuation. All sizes are approximate and should be verified independently. Qualified buyer's - NDA required. DO NOT TOUR SITE WITHOUT BOOKING AN APPOINTMENT.
Property Type:
Commercial Sale
Type:
Other
Commercial Type:
Building, Business, Land
Lease Type:
Sale of Assets
Listing General Location:
NS Deep Cove, North Saanich
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure1.528 acre(s)
Building Features:
Parking, Visual Exposure, Workshop
Construction:
Block, Frame Wood, Other
New Construction:
No
Foundation:
Slab
Electricity:
Yes
Number of Storeys:
2
Total Building Area:
Switch units of measure4,078 sq. ft.
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Mixed
Fireplace:
No
Balcony, Balcony/Patio, Garden, Lighting, Low Maintenance Yard
Mountain(s), Ocean
Ocean Front
Main Level
Jurisdiction name:
District of North Saanich
Zoning:
M-4 (Commercial Marina 2)
Property Condition:
Updated/Remodeled
Utilities:
Cable Available, Electricity Connected, Garbage, Phone Connected, Recycling
Lot Site Features:
Dock/Moorage, Foreshore Rights, Landscaped, Marina Nearby, Quiet Area, Recreation Nearby, Serviced, Walk on Waterfront
Parking Features:
On Site
Business Name:
Deep Cove Marina
Business Type:
Marine, Other
Date Listed:
May 02, 2025
Original Price:
4999000.0
Listed by Coldwell Banker Oceanside Real Estate
Data was last updated July 8, 2025 at 02:05 PM (UTC)
RICK TURCOTTE
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.