Description

A compelling multifamily investment opportunity in Campbell River, offering dependable rental income, full occupancy, and an estimated 6% cap rate based on the existing rent roll and normalized operating expenses. The offering consists of six 3-bedroom townhomes, fully leased and professionally managed, spread across two buildings and two adjoining titles. With current annual rental revenue of $142,128 and established long-term tenants, this property provides an attractive combination of income and stability for investors. Each home offers approximately 1,260 sq. ft. of living space and has undergone extensive renovation, including updated finishes, energy-efficient windows and appliances, LED lighting, in-suite laundry, built-in storage, and durable laminate and tile flooring. Residents also enjoy generous private backyards, front privacy fencing, and two dedicated parking spaces per unit. Located in a convenient central area close to schools, transit, and everyday amenities, the property is offered for sale as a complete six-unit package. A CMHC-insured mortgage may potentially be assumable by a qualified purchaser, subject to lender approval and confirmation of applicable terms.