$1,749,000

869 Alder St, Campbell River, British Columbia, V9W 2P4

MLS® # 1040054

Campbell River BC, V9W 2P4

MLS® # 1040054

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Heating Type: Baseboard heaters
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Built in: 1979
Features: Central location, Sloping, See remarks, Other
Irregular: Yes
Lot Size: 16988.00 Square Feet
View Type: City view, Ocean view
Zoning: RM3
Zoning Type: Unknown

Courtesy of: Sutton Group-West Coast Realty

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⚠ Potential Investment Performance

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Market Price Trends

Location of 869 Alder St, Campbell River, British Columbia, V9W 2P4

Lifestyle
Neighbourhood

Demographic Information of 869 Alder St, Campbell River, British Columbia, V9W 2P4

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$97,660.98

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.85 %

High school certificate or equivalent

38.94 %

Apprenticeship trade certificate/diploma

8.59 %

College/non-university certificate

22.27 %

University certificate (below bachelor)

0.1 %

University Degree

14.25 %

Commuter

Travel To Work

By Car

79.21 %

By Public Transit

0.0 %

By Walking

14.3 %

By Bicycle

0.0 %

By Other Methods

6.49 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

51.72 %

Houses

48.28 %

Own Vs. Rent