About This Property
Located across from a public beach access which spills on to world-famous Chesterman Beach, this 0.41-acre property offers ideal RA-1 Zoning and an established rental infrastructure in one of Tofino’s most sought-after neighbourhoods. The property has been a consistent income generator for over 3 decades, initially operating as the Sea Star Suites, and more recently as a long-term rental. While the home has provided steady revenue, it now requires considerable updating and maintenance. Buyers with vision will recognize the potential to restore or redevelop in this prime location. The property is within walking or biking distance to local shops, coffee, tacos, yoga studios, surf rentals, and resort dining. With 2.7 km of sandy beachfront just steps away, Chesterman Beach remains a major draw for year-round visitors and residents alike. A strong investment opportunity for those looking to reimagine a perfectly situated rental property in a high-demand Tofino neighbourhood. (id:64973)
The property at 1294 Lynn Road in Tofino is priced at $517 per square foot, which is significantly higher than the Tofino market average of $425 per square foot. However, its unique location across from a public beach access and established rental history make it an attractive option for investors seeking a foothold in the desirable Tofino real estate market. This property is best suited for experienced investors who can capitalize on the strong rental demand in the area and are willing to invest in the necessary renovations to maximize the property's earning potential.
Property Details
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