Exceptional investment and redevelopment opportunity in the heart of downtown Campbell River. This well-maintained multi-family property features 8 spacious two-bedroom rental units (2 units recently renovated), providing stable cash flow and strong upside potential. The property includes 15 on-site parking stalls, a valuable asset for both tenants and future development. Ideally located within walking distance to the ocean, shopping, restaurants, and key amenities. Investors can benefit from immediate rental income while holding for future appreciation. Developers will appreciate the significant redevelopment potential, as this property may be purchased individually or assembled with adjacent properties, creating an opportunity for approximately 96,000 sqft of future development. A rare change to secure strong income today and substantial development value for tomorrow. For more info please contact us at (604)-773-4080 (id:13843)
| MLS # | 1040054 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1979 |
| Days On Site | 133 |
| Listing Provided By | Sutton Group-West Coast Realty | Hooman Sheikhy |
| SQ Feet | 5,360 |
|---|---|
| Units | 8 |
| Zoning | Unknown |
| Acreage | 0.39 |
| Property View | City view, Ocean view |
| Heating | Baseboard heaters, Electric |
|---|---|
| Fireplace Yes / No | No |
| Lot Features | Central location, Sloping, See remarks, Other |
|---|
| Tax Annual Amount | 14821.57 |
|---|---|
| Tax Lot | 1 |
| Province | BC |
|---|---|
| City | Campbell River |
| Postal Code | V9W2P4 |
| Listing VS Median (in V9W2P4) | |
Price: $1,749,000 low | high Med: $1,749,000 sqft: 5,360 low | high Med: 5,360 $ / sqft: $326 low | high Med: $326 On site: 133 low | high Med: 133 | |
| Province | BC |
|---|---|
| City | Campbell River |
| Postal Code | V9W2P4 |
| Listing VS Median (in V9W2P4) | |
Price: $1,749,000 low | high Med: $1,749,000 sqft: 5,360 low | high Med: 5,360 $ / sqft: $326 low | high Med: $326 On site: 133 low | high Med: 133 | |