Vineyard Mill Bay (Canada) Price: $ 4,751,300 USD

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Bedrooms 6  Bathrooms 10  Land 20.1 ha

Discover the allure of Enrico Winery, an expansive nearly 50 acre vineyard estate nestled in the breathtaking landscapes of Mill Bay, on Vancouver Island. This distinctive property is not just an established winery; it's a canvas for your dreams. The estate is a harmony of rustic charm and meticulous landscaping, offering a picturesque pond complete with a dock, ideal for quiet reflections or intimate gatherings. A field awaits transformation into a venue for events, enhancing the property's versatility. The main attraction is a tastefully designed tasting room with a spacious patio, capable of accommodating up to 100 patrons (50 indoor, 50 outdoor). The ensemble of structures includes the winery production facility, a wine storage building, three large quonset huts, a strategic income-generating cell tower, and three charming residential homes, currently tenanted, scattered across the property. While the buildings themselves exude a rustic charm, the property's true beauty lies in its manicured grounds and the promise of potential. From the top of the hill, a sliver of ocean view adds to the enchantment. Enrico’s vineyards span 19.73 acres with 15 acres of bare land deemed plantable. They are home to a diverse selection of grape varietals, including Chardonnay, Ortega, Pinot Gris, Pinot Noir, Cabernet Libre, Corivese, and Cabernet Foch. The typical vineyard yield is 3.5 tonnes per acre. Enrico Winery’s wine is produced in its 4,000 square feet winemaking building, housing 1,500 square feet of manufacturing space, 2,500 square feet of barrel storage, new stainless steel tanks, and French and American oak barrels. The winery currently has the capacity to produce up to 10,000 cases per year. Financially, Enrico Winery is positioned for success with a healthy gross margin, having reached the coveted level of profitability. The potential for profitability is further underscored by the winery's established and passionate management team. This ensures a smooth transition for potential investors, making it an attractive and viable passive investment. Established in 1996, Enrico Winery is deeply rooted in the community. Located within the BC VQA Cowichan Valley Geographical Indication, Enrico regularly participates in the Cowichan Valley Wine Festival and has a strong presence at the Duncan Farmers Market. Frequently hosting events like car shows and live music nights, Enrico has a strong commitment to community engagement. Enrico is not just a winery; it's testament to the vibrancy of the Cowichan Valley Wine community. Enrico Winery has untapped potential, waiting to be unleashed. The winery’s potential for growth could include expanding production capacity, embarking on a strategic rebrand, or enhancing the tasting room experience. In summary, Enrico Winery is a unique opportunity, a canvas for your viticultural aspirations in the heart of the Cowichan Valley. Its expansive acreage, diverse grape varietals, and existing infrastructure set the stage for a thriving winemaking enterprise. With the right vision, Enrico can become not only a highly profitable investment but a centerpiece of the Cowichan Valley Wine community.