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, 490-9th Avenue

Campbell River, 490-9th Avenue

This offering presents an exceptional investment opportunity in Campbell River. The 13 unit building is within short walking distance to all the downtown amenities and perches over the downtown core.

This apartment complex is owner-occupied and managed and as a result is in absolutely impeccable condition inside and out. It has been continuously brought up to any new standards with recent upgrades including a new boiler system and a new bank of on-demand hot water units. The roof was replaced in 2010.

There are four 1 bedroom, 1 bathroom units and nine 2 bedroom, 1.5 bathroom units. All of the suites have generous sized balconies and enjoy panoramic city, ocean and mountain views.

The grounds are very well maintained. The lower portion has been developed into beautiful gardens retained for the exclusive use of the onsite owners. There are 15 designated stalls in the parking area off 9th Ave.

The building is four levels, with four units each on the top three floors and one smaller one bedroom unit on the ground level. Additionally on the ground level there are two storage rooms for the building plus a workshop and mechanical room. There are individual storage lockers for each unit on the ground level.

The unique design of the building has two separate accesses, one for each side of the building. The units are divided by a stairwell leading to the storage lockers which can also be an emergency access. Each side has access to a separate laundry room with coin operated machines. The design increases privacy and security with only six units accessing each side plus one on the ground level.

An added opportunity and bonus is that the owners currently occupy one of the two bedroom units and also maintain a one bedroom unit for personal use. For a non-resident owner this provides the opportunity to rent out two additional units and significantly increase the rate of return.

Enjoy the benefit of well-established, mature and quiet tenants. This rental opportunity has everything going for it. The property needs to be viewed to appreciate the stellar condition.

Price
$1,900,000 (CAD)
MLS#
882399
Acres
0.59
Year Built
1965
Access
Road
Water
Municipal
Power
BC Hydro
Sewer
Municipal
Zoning
C-1
Taxes
$17,504 (2020)
Property Influences
Mountain view
Ocean view
Local services & amenities
Landscaped
Road paved

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