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Leahann Nordin

leahann@nordinhomes.ca +1(604) 880-8499

Listed by Kane Ryan Pemberton Holmes Ltd.

$ 6,000,000

Est. payment -/mo

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Active

118 Rainbow Rd ##A-G Salt Spring, BC V8K 2R7

8,473 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,473 sqft

Price per Sqft $708

MLS Listing ID 1050608

HOA Y/N No

Annual Tax Amount $26,450

Tax Year 2026

Property Sub-Type Multi Family

Property Description

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.

Location

Province BC

County Islands Trust

Community Gi Salt Spring

Area Gulf Islands

Interior

Cooling Air Conditioning

Fireplace No

Exterior

Parking Features On Site

Garage Spaces 8.0

View Y/N Yes

View Ocean

Total Parking Spaces 8

Garage No

Others

Ownership Freehold/Strata

Special Listing Condition Updated/Remodeled

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.

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About Leahann

Two decades of design.
One city she never
stopped calling home.

Leahann Nordin Real Estate Agent · Real Broker B.C. Ltd. · VREB

Victoria-raised and design-educated, Leahann spent two decades working across Vancouver and the Okanagan in luxury residential design, multi-family development, and large-scale renovation before returning home. She brings a designer's eye and a project manager's discipline to every transaction — so nothing falls through the cracks and nothing feels rushed.

Read Her Story

Client Reviews

What people say about Leahann.

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We have known Leahann as a professional in the real estate business for more than 20 years. She has given us her assistance in buying, selling, and staging our homes. Your skills and work ethic deserve all the success in the world.

Jeannette S. · Victoria, B.C.

Leahann is a great interior designer whose skills have translated into a fantastic real estate professional. You could not find a more helpful and idea-filled agent if you tried.

Stephen S. · Victoria, B.C.