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All Victoria BC Commercial For Sale $900K-$1,000K

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1266 S Island Hwy
CR Campbell River Central Campbell River V9W 1B5

$999,000
Commercial Sale built: 1963

Ocean view
Photo 1: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
Photo 2: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
Photo 3: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
Photo 4: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
Photo 5: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
Photo 6: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1021840
Year Built:
1963
This .92-acre semi-oceanfront development opportunity offers stunning unobstructed views of the ocean and coastal mountains beyond. RM-2 zoning permits 50 dwelling units per hectare with potential for density bonuses and the possibility of rezoning to RM-4. Shopping, services and public transit are within easy walking distance and downtown Campbell River and marina are only a few minutes' drive. There is an existing 3,400 sf home on the property which is tenanted. This property also offers an opportunity to renovate the existing house and create a custom home - see MLS® Residential listing. Contact the listing agent for more details and information package
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1963 (Age: 63)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
CR Campbell River Central, Campbell River
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.92 acre(s)
Taxes:
Number of Storeys:
2
Ceiling Heights:
Total Building Area:
3,400 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Pending Date:
Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Campbell River
Legal Description:
Zoning:
RM-2
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Central Location, Easy Access, Rectangular Lot, Serviced, Shopping Nearby, Sloped
Parking Features:
On Site
Total Parking Spaces:
5
Road Frontage Type:
Highway
Total Units:
Date Listed:
Dec 10, 2025
Original Price:
1049000.0
  • Photo 1: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
    Ocean view
  • Photo 2: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
    Ocean view from front deck
  • Photo 3: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
    Photo 3 of 6
  • Photo 4: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
    Photo 4 of 6
  • Photo 5: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
    Photo 5 of 6
  • Photo 6: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1021840
    Floor Plans
Listed by Royal LePage Coast Capital Realty
Data was last updated February 21, 2026 at 07:30 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,279,000
Min list price:
$229,900
Max list price:
$4,599,900
Avg days on market:
73
Min days on market:
2
Max days on market:
541
These statistics are generated based on the current listing's property type and located in CR Campbell River Central. Average values are derived using median calculations. This data is not produced by the MLS® system.

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All Victoria BC Commercial For Sale $900K-$1,000K

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.