Ed 250.287.0011

Shelley 250.830.4435

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

Specializing in unique coastal real estate in British Columbia

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

Campbell River, 1508 & 1518 Vanstone Road

Campbell River, 1508 & 1518 Vanstone Road

Offering one of the few residential development acreages within the city of Campbell River. This 4.16 acre property is located in north Campbell River on North Island Highway and Vanstone Rd. It has frontage on the Island Highway and reaches all the way down to the waterfront which is adjacent to the Campbell River estuary where it meets Discovery Passage. The location has a rural, quiet feel and is only 7 minutes from Campbell River city centre.

The eastern portion of this property along the waterfront offers low-bank frontage rising to the upper bench which offers panoramic views. To the north the property borders Hudson Farm, a pastoral agricultural property. This offering is two titles.

The viewscapes from the property are beautiful and always changing. The Campbell River estuary and Discovery Passage beyond is home to an abundance of marine-related wildlife, including seals, sealions, dolphins and whales out in the Passage, and many types of birds including eagles, waterfowl, gulls and songbirds. Marine traffic is varied and includes small and large boats, cruise ships, commercial vessels and seaplanes.

RM-1 zoning could allow up to 50 units with density bonusing. The current zoning meets requirements within the official community plan for the city. Preliminary indications are that existing services would be adequate for a development with the allowable density. This would need to be verified per suggestion from the planning department and for a purchaser’s specific plans. Recent development in the area includes a complement of high-end residential properties to the east.  Subdivision into individual or duplex lots could also be possible.

Development properties are limited, especially those with desirable features such as waterfront and viewscapes. This property is a prime development opportunity which can generate some interim rental revenue during the development permitting process.

This could be one of Campbell River’s nicest waterfront development prospects.

The current dwellings all have connected services. Hydro and water service are available on Vanstone Rd. Municipal sewer is available along the eastern boundary of the property.

At present there are four residential structures on the property. These are older, modest conventional homes of their time, and one mobile home, nearing the end of their economic life. Two of the homes do provide some current revenue.

The residence closest to the highway offers approx. 1800sqft with a full, unfinished basement. This is currently a rental. There is a mobile home on the property which has been decommissioned and is not considered habitable.

The owner’s residence is located on the upper bench towards the eastern shoreline. This is an older, conventional 2 story home offering 1198sqft on the upper main living level with an oceanside deck, plus a full, partially finished basement. On the lower portion of the property near the waterfront is an older residence, currently serving as a rental. This structure is reaching the end of its useful life.

Price
$2,200,000 (CAD)
Status
Sold
MLS#
867167 & 867170
Square Ft.
2396
Acres
4.16
Access
Road
Water
Municipal
Power
BC Hydro
Sewer
Municipal
Frontage
170ft (approx)
Zoning
RM-1
Taxes
15,324 (2020)
Property Influences
Mountain view
Ocean view
Waterfront ocean
Road paved
Walk on waterfront

Subscribe to our newsletter

Sold