Ed 250.287.0011

Shelley 250.830.4435

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BC Oceanfront Realtors Ed Handja & Shelley McKay - waterfront properties & BC islands for sale

Campbell River, 414 & 428 S. Island Hwy., Freddies Pub

Campbell River, 414 & 428 S. Island Hwy., Freddies Pub

Freddies Pub has been a popular gathering place in Campbell River for decades. Situated across the street from the ocean with beautiful views of Discovery Passage, Freddies provides a full bar, restaurant, ocean-facing patio and an extensive menu as well as occasional evening entertainment.

This offering consists of two adjoining properties which total 1.65 acres.

The pub building is a 4500sqft two a half story structure. The ground floor includes the pub, kitchen, separate dining room, foyer, washrooms and storage. There is a covered and partially enclosed heated 12x38 patio with spectacular ocean views. Freddies is licensed for 101 total, and has 65 seats in the restaurant and 20 seats on the patio.

On the second floor are four fully self-contained suites. Three of these are one bedroom one bathroom units with shared laundry facilities. One of these units has ocean views. All units have decks for personal enjoyment.

The fourth unit is a more spacious one bedroom unit with an open floor plan, vaulted ceiling and a second story loft. This fourth suite has been completely renovated with new flooring, updated bathroom, new paint and new trim. It has in-suite laundry, a fireplace and a dishwasher. The loft space is reached by a spiral staircase, adding charm and character to this ocean view unit. There is a deck off the living room to enjoy the spectacular views.

On the third level of the pub building, adjacent to the loft of the fourth suite, there is additional space that is primarily used for storage. There is private access for the suites and storage from the back of the building so it does not interfere with the pub.

The front portion of the adjoining property is used to accommodate additional parking for the pub and easier access to and from the island highway for patrons.

The residence on this property is a 2448sqft two story main level entry home that is currently rented. The upper level is fully finished and includes the living room, kitchen, 3 bedrooms, one bathroom and an eating nook. The main level is primarily unfinished with the exception of a laundry room and a storage room which could also be a fourth bedroom. There are stunning ocean views from this home, and a full-width ocean-facing patio on the second floor provides ample outdoor entertaining space.

While the property is operational with this established pub and restaurant, there is also significant future development potential. Much of the area of Campbell River along the Old Island Highway has been developed into a number of multi-unit residential buildings, both condominiums and rental buildings, with a complement of detached residential properties as well. Zoning on the lot with the house would permit multi-residential development, up to approx. 20 units, plus some commercial space.

Price
1,595,000 Change Currency
Status
Sold
MLS#
444246
Square Ft.
4500
Acres
1.65
Access
Road
Water
Municipal
Power
BC Hydro
Sewer
Municipal
Zoning
C5
Taxes
$17,005.71 (2017)
Latitude
49.999760584797
Longitude
-125.231169511530
UTM
Northing: 5540989, Easting: 340104, Zone: 10U
Property Influences
Mountain view
Ocean view
Local services & amenities
Road paved
Sold
Other currencies
Pricing terms

The price is based on current exchange rates but is only an approximation. Please contact us for a final price