1241 Sutherland Dr
Vancouver Island · V0R1N2
$2,720,600
About this residence
Endless potential with this rare mixed-use waterfront opportunity at Paradise Marina. Nearly 1.5 acres (combined with 4635 Lanes Rd) of low-bank waterfront with stabilized net income of approx. $340,000. Potential gross income is approx. $590,000, with operations trending toward stabilization. Vendor take back financing available. OCP outlines future mixed-use supporting commercial units. Potential to add up to 17 cabins for recreational hoteling or retreat use, with accessory options like cafes, restaurants, or retail. Includes 2 rebuilt Superhost-rated cabins, redesigned marina with 84 slips, 2,800 linear ft of dock, launch ramp, and $2.5M in upgrades. Docks recently added, dragged, retightened with new anchoring, electrical, and metered slips. Marina is in demand with simple, efficient operations. 23 years remain on assignable and transferable foreshore lease. Ownership open to assisting new management with training. Must be sold with 4635 Lanes Rd (id:61366)
Property details
- Property type
- Other
- Style
- Other
- Ownership
- Freehold
- Lot size
- 1.17
- Annual tax
- $8,153
- MLS®
- 1038026
- Board
- Vancouver Island
- Status
- Active
- Listed
- May 25, 2026
- Updated
- Jul 9, 2026
Financing
Estimated monthly payment
$12,723/mo
Loan amount
$2,176,480
Down payment
$544,120
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Nearby
About the area
Census · V0R- 72,310
- Population
- 51
- Median age
- $77,500
- Median income
- $680,000
- Median home value
- 82%
- Home ownership
- 26 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 1241 Sutherland Dr?
1241 Sutherland Dr is listed for $2,720,600, in Vancouver Island.
What type of home is 1241 Sutherland Dr?
1241 Sutherland Dr is a Other, Other.
How large is 1241 Sutherland Dr?
The home offers a lot measuring 1.17.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $12,723. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $8,153 per year.
What is the Vancouver Island area like?
Vancouver Island has a population of about 72,310, a median age of 51, a 82% home-ownership rate, with an average commute of about 26 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $680,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $77,500.
Similar residences
Comparable Other near Vancouver Island at a similar price.
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