480 & 500 1ST STREET

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$599,000
480 & 500 1ST STREET
Malcolm Island, British Columbia V0N3E0
MLS® Number: 1022360
OtherType

About This Property

Orca Lodge is a 2109 ft.² waterfront five star vacation rental in Sointula on Malcolm Island. A short BC ferry ride from Port Mcneill. Great salmon, halibut and crab fishing right out front. From your Deck overlooking the water you can view orcas, porpoises, seals and eagles as well as gorgeous sunsets. The lodge is on a government 10 year foreshore lease that was just renewed in March 2024 at a cost of just over $1900.00 per year and is approved for an addition and retaining wall. There is also a small fee simple lot used for parking. As absentee owners the units are rented out through Expedia and Booking.com with a local housekeeper that looks after the rooms. Great for a vacation rental or you could live in one unit and rent out the other two. You can find out more information on our website orcalodge.ca or look us up on Facebook. (id:64973)

Rose's Thoughts
Rose Marie Manno

The $599,000 asking price for the 2,109 sq ft Orca Lodge on Malcolm Island appears reasonable, given the property's waterfront location, high-end vacation rental status, and unique lease arrangement. This property is best suited for investors seeking a turnkey vacation rental opportunity, as its prime waterfront location and recent lease renewal would provide a steady stream of rental income.

Property Details

Property TypeOther
HeatingBaseboard heaters, Electric
CoolingNone
ViewOcean view
Annual Taxes$1,129
CityMalcolm Island
Postal CodeV0N3E0
MLS® #1022360

Location

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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.

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