UPDATE: with a new investor, we're more than half-way to freedom from debt!
Here is an opportunity to share in 43 acres (ARL and some RR) with two fine houses on Salt Spring Island. The land features cleared, irrigated fields (currently mostly in hay), young woodland, and two year-round streams with water rights. Over three acres are deer-fenced. Outbuildings include a 16-cord woodshed, pump house and garden tool shed, and a building with heated garage, heated finished classroom, and unheated workshop/barn. It backs on Provincial wild park land.
The property is already in the name of an established co-operative. Your investment would eliminate our balloon payment mortgage and secure the property.
There are two lovely houses. Depending on how much you invest, you could have your pick. Or live in a separate suite we're putting in.
The smaller house is 1,500 sq ft with five bedrooms. It dates from the 1880's, but recently renovated in original period style. In addition to an electric range, it has a modern reproduction wood cook stove. This house is available April 1 to an investor, or it will be rented for about $2,000/month.
The larger house is 2,700 sq ft with five bedrooms. It is currently occupied by the co-op founders. We're in process of turning one portion into a 700 sqft, one-bedroom suite with private entrance.
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