August 7, 2012

Waterfront condo has investment appeal on Vancouver Island

113-475 Marine Dr., Ucluelet

Type: Two-bedroom, two-bathroom apartment.
Size: 1,587 sq. ft.
BC Assessment, 2012: $430,000
Listed for: $359,000
Sold for: $355,000
Sold on: July 12
Days on market: 301
Listing agent: Carl Scott at RE/MAX Mid-Island Realty.
Buyer’s agent: Judy Gray at RE/MAX Mid-Island Realty.

The big sell: Agent Judy Gray says properties such as this waterfront condo in Ucluelet’s The Ridge complex are often bought by investors for use as vacation rentals as the building is zoned for nightly rentals. Their popularity is assured due to their proximity to the beach and the fabulous ocean views. This development was built in 2007 and enjoys a prime position on the Ucluelet peninsula. The home is a top- floor unit, which features an expansive sundeck that takes advantage of the stunning Pacific Ocean seascapes. With more than 1,500 square feet of interior space, the home has plenty of room for family, friends and renters. There are slate tiles, which are heated in the entryway, kitchen and bathrooms, sisal carpets, maple cabinets, fir beams, vaulted ceilings, and two fireplaces.

These transactions were compiled by Nicola Way of and
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