869 Alder St
Campbell River, British Columbia
MLS® 1040054
$1,749,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1040054
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1979
1 / 2Listing 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. For more info please contact us at (604)-773-4080
Property summary
- MLS® number
- 1040054
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 16988 square feet
- Built in
- 1979
- Annual property taxes
- $14,821.57
- Days on market
- 76 days
Features & details
- Heating
- Baseboard heaters, Electric
- Lot features
- Central location, Sloping, See remarks, Other
- View
- City view, Ocean view
What would this home cost you?
Based on the $1,749,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Sutton Group-West Coast Realty, North Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.