$3,250,000
5883 COWRIE STREET
Beds
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Baths
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Sqft
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Year
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Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sechelt. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
5883 Cowrie Street, Sechelt, British Columbia, V7Z 0K2-Phase 5 of the "Veranda" development at 5883 Cowrie Street offers a rare, fully serviced, ocean-view multifamily site in Sechelt with no competing view development land currently available. This 17,000 sq.ft. site supports up to 13 condominium units of approximately 1,500 sq.ft. each, all with southwest and easterly exposure and ocean views. Municipal water, sewer, storm, hydro, and natural gas services are already installed and in place, significantly reducing development risk and timelines. Phase 1 and 2 townhomes are completed and sold, demonstrating proven market absorption. Phase 3 and 4 lands (8 future townhomes) may be available separately. Prime central location near amenities, strong end-user demand, and scarcity of view sites make this a compelling Sunshine Coast development opportunity. (id:65958)
- Subtype
- Vacant Land
- Common interest
- Freehold
- Lot size
- 17,000 square feet
- Lot dimensions
- 17000
- On market
- Feb 6, 2026
- Status changed
- Apr 28, 2026
- Annual tax
- $10,355.12 (2024)
- Photos
- 17
- MLS#
- R3087469
- Area
- SECHELT
Features and systems
View
Cash on cash
-6.22%
Cap rate
3.62%
GRM
16.7
Break-even rent
$19,796
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.