41.2 acre site
DTZ Victoria Real Estate Ltd. is pleased to present the offering for sale of the “Pacific Sands Beach Resort”, featuring 41.2 spectacular acres with 77 beautifully appointed suites and two single-family residences overlooking the world renowned Cox Bay in Tofino, BC. Owned and operated successfully by the Pettinger family for the past 40 years, this is a phenomenal property that ranks with the finest resorts in Canada.
The Resort is comprised of three separate legal parcels that extend from the Pacific Rim Highway to Cox Bay, offering more than 1,000 feet of glorious beachfront and fully encompassing “Pettinger Point” with its dramatic 1,600+ feet of rocky shoreline at the Bay’s north end.
Approximately 18.0 acres of the property are zoned “C5 Tourist Commercial”, offering substantial additional development capacity on the prime oceanfront lands. The District of Tofino’s Official Community Plan also contemplates further tourist commercial development on the remaining 23.2 acres that are now zoned “A3 Forest Rural District” and on which only the owner’s and manager’s residences are now sited. The current improvements exude West Coast charm and include a variety of suite types and sizes, all offering fully-equipped kitchens and stunning ocean views. Ranging in size from 465 square feet to 1,440 square feet, they attract a broad-based clientele year round, achieving consistently high occupancy and premium room rates.
Pacific Sands is a timeless asset in an incomparable natural setting that continues to grow in stature worldwide. Its strength is demonstrated by its steadily increasing revenue and profitability even through the years following the most recent global financial crisis. Impossible to replicate and ready for expansion, this is truly a trophy investment opportunity with its best days still to come.
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