This offering includes 4 contiguous residential lots with 3 older rental homes with tenants in place. The properties are located within walking distance of downtown Campbell River and all amenities. They are within close proximity to Phoenix Middle School, Ecole du Monde and Cedar Elementary as well as a major bus route. The properties have laneway access off 9th Avenue. Campbell River's healthy real estate market has a demand for existing and additional residential rental properties. The RM3 zoning permits multi-unit residential development. The RM3 zoning would permit 14 dwelling units not including additional density bonus possibilities. One could continue to use the properties as current rentals, develop now or develop down the road.
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