08 Oct For Sale: Poet’s Cove Resort on Pender Island

Ever felt like investing in a luxury resort in beautiful British Columbia? Then Poet’s Cove Resort on Pender Island may be just the ticket! This exquisite Gulf Islands getaway was just put up for sale – and while no price was listed, we can perhaps get an idea of what the seller is looking for based on its original construction cost of $30 million back in 2004. Poet’s Cove sits on 13.9 acres of land overlooking scenic Bedwell Harbour, and is surrounded by much of the pristine wilderness that Pender Island is known for. Interested buyers should note, however, that the development’s unique strata arrangement means that it isn’t all for sale, although the majority of it is, including 19.25 hotel rooms (each room was originally sold on a quarter-ownership basis), 4 commercial units, the Susurrus spa, the resort’s restaurant and dining room, the gym, the swimming pool, the 85-slip private marina and more. The remaining hotel rooms, 9 villas and 15 cottages on the property are not included in the sale but have different owners under the same strata corporation. In any case, this is a spectacular resort for sale that’s sure to attract attention from a lot of eager investors.