FOR SALE 951 & 961 CEDAR STREET CAMPBELL RIVER, VANCOUVER ISLAND, B.C - William Wright Commercial
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951 & 961 CEDAR STREET
CAMPBELL RIVER, VANCOUVER ISLAND, B.C
FOR SALE
•• 50 UNIT APARTMENT BUILDING FOR MORE INFORMATION CONTACT
•• EXPANSIVE VIEWS OF THE WATER AND DOWNTOWN MARIANNE DECOTIIS / marianne@williamwright.ca
•• WALKING DISTANCE TO DOWNTOWN CAMPBELL RIVER 604.546.5555
•• BELOW MARKET RENTS
TERRACE VIEW APARTMENTS
Terrace View Apartments is located in the lively community of short drive to the ocean and outdoor adventures. The building
Campbell River. This three storey 50-unit rental apartment building has been very well maintained over the years, and has lower
is positioned on 1.25 acres of land overlooking downtown maintenance cost. Campbell River has a .05% vacancy rate and
Campbell River and the ocean. This building has a fantastic unit there is significant upside to the rents in this building. Currently the
mix of large 1, 2 and 3 bedrooms and every unit has views of the rents are 20% under market and fully stabilized and this building
water and downtown and outdoor patios. The location is walking will achieve a 6.6% cap rate.
distance to Downtown Campbell River, schools, transit and a THE DETAILS
BUILDING SIZE
+/- 39,450 SQFT
# OF UNITS
50
LOT SIZE
1.25 acres
PARKING
43 onsite stalls
ZONING
C1
BACHELOR PID
UNIT
1 000-366-803
ONE
BEDROOM
3 BEDROOMS LEGAL DESCRIPTION
12 LOT 1, PLAN VIP18491, DISTRICT LOT
12
69, SAYWARD LAND DISTRICT
PROPERTY TAXES
$25,309
TWO BEDROOM
25 PRICE
Contact listing agent
SUITE MIX
CAMPBELL RIVER, BC Campbell River is located in the Northern part of Vancouver Island and is known as "the Salmon capital of the world." With a growing population of 31,000 people, Campbell River has a variety of growing industries with some of the main focuses towards aquaculture, agrifoods, clean energy development, construction, creative industries, forestry, health care, international education, mining, technology and tourism. Campbell River offers some fun events throughout the year, one of them being Salmon Fest where you will enjoy logging sports, local crafts, music and fun for all ages.
951 & 961 CEDAR STREET PERFORMA
UNIT MIX ACTUAL RENT MARKET RENT ANNUAL PROJECTED RENT
12 x One Bedroom $9,649.00 $1,000 $12,000.00
25 x Two Bedroom $22,728.00 $1,200 $30,000.00
12 x Three Bedroom $11,825.00 $1,400 $16,800.00
1 x Bachelor $675.00 $800 $800.00
TOTAL MONTHLY $44,877.00 $59,600.00
TOTAL YEARLY $538,524.00 $715,200.00
DRIVE LOCATION
5 mins Campbell River is natural and majestic second
to none. Known as the Salmon Capital it offers
an abundance of water activities along with a
WALK
network of shopping, restaurants, schools and
YEAR 2016 1KM
20 mins out door recreation connect the residents to
natural amenities, A few notable Mt Washington
Estimated Population 35,138 TRANSIT ski hill is 45 min drive.
Number of Households 15,270
18 mins TRANSIT DETAILS
Average Household Income $65,000
Just steps away from downtown and easy access
BIKE
to the transit system with a walk score of 65.
10 mins
FOR MORE INFORMATION CONTACT
MARIANNE DECOTIIS / marianne@williamwright.ca
604.546.5555
William Wright Commercial Real Estate Services Inc.
William Wright Commercial Real Estate Services has prepared this document / email for the sole purposes of advertising & general information. William Wright Commercial Real Estate
Services & it’s listing clients make no guarantees or warranties of any kind, expressed or implied, regarding the information including but not limited to, warranties of content, accuracy, #210-8029 199th Street, Langley
completeness & reliability, & do not accept or assume any responsibility or liability, consequential or direct for the recipient’s reliance upon the information. Any recipient / interested party should
undertake their own appropriate & independent due diligence & inquiries as to the accuracy of the information, which is subject to errors, omissions, changes, including price, or withdrawal without T 604.546.5555 | F 604.546.5556
notice. Sizes are approximate & based on architectural measurements. William Wright Commercial Real Estate Services and it’s listing clients exclude unequivocally all inferred or implied terms,
conditions & warranties arising out of this document and exclude all liability for loss & / or damages arising there from. This publication is the copyrighted property of William Wright Commercial Real
Estate Services & it’s listing client. © 2020. All rights reserved. E.&O.E. This communication is not intended to cause or induce breach of an existing agency agreement. williamwright.ca
williamwright.ca Vancouver Office New Westminster Office Fraser Valley Office Victoria Office Kelowna Office Property Management Office 430-605 Robson Street 350-522 7th Street 210-8029 199th Street 403-535 Yates Street 207-810 Clement Avenue 200-808 W Hastings Street Vancouver, BC New Westminster, BC Langley, BC Victoria, BC Kelowna, BC Vancouver, BC 604.428.5255 604.545.0636 604.546.5555 250.590.5797 Opening Spring 2021 604.330.8295
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