Property Description
Attention Developers & Investors!
Don't miss this rare opportunity to own a prime multi-family future development property in the growing community of Campbell River, BC. This exceptional package includes four contiguous properties—one vacant lot, one apartment building, and two residential lots currently rented to 10 tenants, providing immediate rental income.
With a total land size of 1.1 acres, this property offers incredible development potential. A comprehensive development application could allow for a 34-unit multi-family project, making this a fantastic investment in a high-demand area. To top it off, the properties offer stunning ocean views, adding to their long-term value and appeal.
Opportunities like this don’t come around often!
Property Details
MLS #:
988747
ID #:
28375888
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Campbell River
Sub-Area:
CR Campbell River Central
Status:
Active
Lot Size:
1.10 acres
Property Tax:
$25,090 (2024)
Days on Market:
216 days
Listing provided by RE/MAX Check Realty
Canadian Mortgage Calculator
Mortgage Amount:
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After 5 Year Term:
Principal Paid:
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Remaining Balance:
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
Annual Payment Breakdown
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