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Dylon Paul

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Hooman Sheikhy Sutton Group-West Coast Realty

$ 1,749,000

Est. payment -/mo

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Active

869 Alder St Campbell River, BC V9W 2P4

5,360 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,360 sqft

Price per Sqft $326

MLS Listing ID 1040054

HOA Y/N No

Year Built 1979

Annual Tax Amount $14,821

Tax Year 2025

Lot Size 0.390 Acres

Acres 0.39

Property Sub-Type Multi Family

Property Description

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.

Location

Province BC

County Campbell River, City Of

Community Cr Campbell River Central

Area Campbell River

Zoning RM3

Interior

Heating Baseboard, Electric

Flooring Mixed

Inclusions Parking

Fireplace No

Exterior

Parking Features On Site

Utilities Available Electricity Available, Phone Available

View Y/N true

View City, Ocean

Street Surface Paved

Garage No

Building

Lot Description Central Location, Easy Access, Family-Oriented Neighbourhood, Shopping Nearby, Sloped, See Remarks

Foundation Slab

Sewer Sewer Connected, Sewer To Lot

Water Municipal

Others

Ownership Freehold

Acceptable Financing Refer To Mortgagee

Listing Terms Refer To Mortgagee

Special Listing Condition Updated/Remodeled

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

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