3 1002 Peninsula Rd

Key facts

• Property type: Single Family
• Structure: Apartment
• Transaction: For Sale
• Price: $495,000
• Bedrooms: 1
• Bathrooms: 1
• Interior size: 357 sqft
• Year built: 1999
• Parking: 1
• Listing key: 29491220

Listing overview

The Orca Suite at Terrace Beach offers a rare opportunity to own a turnkey, affordable West Coast investment property under $500K in one of Vancouver Island’s most iconic coastal destinations. This charming 1-bedroom upper-boardwalk suite—recently refreshed with a newly updated bathroom and kitchenette— sleeps four and features signature post-and-beam accents, an electric fireplace, and modern amenities. Situated in the historic Terrace Beach Resort (formerly owned by Jason Priestley), the property has benefited from extensive recent building-wide renovations, including structural upgrades and new cedar walkways. Steps from the world-renowned Wild Pacific Trail and the rugged shoreline, this suite is perfectly positioned for premier beachcombing, paddleboarding, and kayaking. With flexible CS-5 zoning allowing for self-management or professional hire, this is a high-potential revenue gen...