The Specialized Assets Group of Sotheby’s International is pleased to present the sale offering of the Duffin Cove Resort, located in the heart of Tofino on Vancouver Island. The Duffin Cove Resort has been in operation since the 1950’s and is currently improved with 13 units offering a range of accommodation options from rustic beachside cabins to motel style units.
Consisting of 3 titles, Duffin Cove is situated at the end of Campbell Street, approximately one block from the centre of Tofino’s town core. Two of the titles contain the resort itself, while a third adjacent title is currently vacant. The property is roughly 1.25 acres in size. The property provides for extensive waterfront and excellent westerly views over Duffin Passage towards Felice and Wickaninnish Islands. While the Duffin Cove Resort currently provides a strong cash flow, its location, size, and zoning position it well for redevelopment.
Duffin Cove represents an excellent opportunity to develop a new downtown oriented resort. The current site configuration would permit development to commence on the vacant northerly parcel, while operation of the existing resort could continue, providing valuable cash flow to the owner during the development process.
The Duffin Cove Resort benefits from a convenient oceanfront location in a tourist community known for its multitude of recreational activities. Tofino continues to be one of British Columbia’s more popular tourism destinations throughout the year and is famous for its surfing, whale and storm watching, deep sea fishing, kayaking, diving, and more.
The asking price for Duffin Cove is $1,995,000.
More specifically, the Resort is offered at an asking price of $1,496,000. The adjacent development land is offered at an asking price of $499,000.