Friday, August 20, 2010

Tofino for sale ? August 20 2010

This isn't really news but I had a call the other day from a friend asking why there are so many properties for sale in Tofino.....acreage at Tonquin,Gibson Street,the Heubner lands,Rosie Bay and Tofino Inlet add up to over 100 acres !!! all within the town borders....The Sushi Bar is for sale,Duffin Cove Resort,Pacific Breeze Motel are all for sale....the Wilson Building, The Adams Building,Cedar Corners,Sugar Shack property are also for sale......
There is also a huge inventory of residential properties for sale.....lots still available at Yew Wood subdivision at around 150K.....
The average price of a single detached home in Tofino is still above half a million dollars......not many sales though.....less than 7 years ago you could buy a great house for 250-300 K.....

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