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Marina offers holding income, development potential

Sale comes at a steep discount to the assessed value
102-rockwell-drive-harrison
Harrison Hot Springs Marina sold Dec. 15, 2024, for $5.2 million.

DEAL | The 225-slip Harrison Hot Springs Marina at 102 Rockwell Drive, Harrison Hot Springs, sold Dec. 15 for $5.2 million. This was 12 per cent below the list price of $5.9 million which in turn was 41 per cent below the assessed value. In addition to 1.87 acres holding C4 zoning, the property includes a 4.3-hectare offshore lease. Current income from the property runs from $850,000 to more than $1 million. Zoning provides room for various development options, adding to the marina’s investment appeal.

PRICE | $5,200,000

FROM | Freddy Marks, Re/Max Nyda Realty