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16117 Sqft Commercial Property in Gulf Islands

$1,300,000 - ML# 410802
321 Fernwood Rd
Gulf Islands - GI Salt Spring

This is only a guide. Please verify this information with your mortgage specialist.

Calling all foodies! Unique live/work opportunity to own a gorgeous residence and extremely popular restaurant. Located on the North end, this gem is revenue positive, has a loyal clientele and overlooks Trincomali channel. Upstairs, there are 3 bedrooms with 1.5 baths, a stunning kitchen/dining room which opens to the living room. Downstairs is a 38 seat restaurant with two Garland stoves, a custom built Flaminio Ferrari wood-fired oven and the full suite of equipment and furnishings needed to run this wildly successful restaurant. There is a private side yard with raised garden beds and greenhouse tucked in behind a 24 foot storage space. On the ocean side is a sweet 38 seat licensed patio, with ample parking in front. The value here is not only in the residence and business, but in being only one of two Commercially zoned properties in Fernwood. The Islands Trust isn’t making any more Commercial property, and with Saltspring’s incredible growth this will always be in high demand.

Title:
Freehold 
Transaction Type:
For Sale 
Includes Building:
Yes 
Includes Business:
Yes 
Includes Land:
Yes 
Sale/Lease Type:
Sale of Assets 
Possession:
TBA 
Possession Notes:
 
Taxes:
$5,731.13 (2018) 
Year Built:
1989 
Additional Rent/SqFt:
 
Existing Lease Expiration Date:
 
Business Name:
Twig and Buoy Restaurant 
Business Established:
 
Gross Income:
 
Net Income:
 

Building Details

Building Features:
 
Building Type:
Mixed Use 
Accessibility:
 
Construction Foundation:
 
Exterior Finish:
Wood Siding 
Exterior Features:
Parking 
Cooling:
 
Heat:
Elec Baseboard 
Approx. Value of Fixed Equip:
 
Parking Spaces:
 
Stories:
 

Lot Information

SqFt:
16117 
Acres:
0.37 
Total SqFt:
3334 
Lot:
Lot Shape:
 
Lot Features:
View: Water,Level,Serviced 
Lot Frontage:
 
Water:
City/Munic. 
Waste:
Septic System 
Parking:
 
Location Features:
 

Strata Information

Complex:
 
Managed By:
 
Monthly Assessment:
Shared Amenities:
 

Listed with:

Macdonald Realty Salt Spring Island
Phone: (250) 537-1201 / Fax:

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.