Multi-family for sale
869 Alder St, Campbell River
$1,749,000
Features
Year Built
1979
Floor Area
5,360 sqft
Lot Size
16,988 sqft
Gross Property Tax
$14,821.57 /year
Zoning
RM3
Amenities
Parking, Shopping Nearby
View
City, Ocean
Additional Features
Central Location, Easy Access, Family-Oriented Neighbourhood, Shopping Nearby, Sloping, See Remarks
Total no. of Units
8
Financial Summary
$90,500
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
MLS® Number 1040054