1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1034582

Vancouver Island Real Estate

Vancouver Island offers plenty of real estate options. The new home buyer or property investor is able to choose from urban condominiums and heritage waterfront houses in Victoria, rustic log cabins nestled on acreages in rural settings or conveniently located modern retirement or vacation homes in any of the developed coastal communities..

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Vancouver Island, nestled off the southwestern coast of British Columbia, is a sprawling haven celebrated for its diverse landscapes, temperate climate, and rich cultural tapestry. The island’s rugged shorelines, ancient rainforests, and majestic mountains offer an idyllic backdrop for outdoor adventures, including hiking, kayaking, and whale watching. From the vibrant city life in Greater Victoria to the serene coastal communities such as Tofino and Ucluelet, Vancouver Island encapsulates a spectrum of lifestyles.

The real estate market reflects this diversity, showcasing an array of properties ranging from modern waterfront condos and heritage homes in downtown Victoria to expansive rural estates and seaside retreats along the island’s coastlines. Many residences highlight their close proximity to the island’s natural wonders, offering panoramic ocean views, private forest trails, and beachfront access, providing residents with an unparalleled connection to nature.

Greater Victoria, the island’s main bustling urban center, is renowned for its vibrant arts scene, historic architecture, and a plethora of dining and entertainment options. Its proximity to the mainland is a significant draw, as Vancouver is easily accessible via ferry or seaplane from Victoria. This accessibility to both urban and wilderness destinations makes Vancouver Island an attractive location for those seeking a harmonious blend of cosmopolitan living and outdoor exploration.

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

$799,000
Commercial Sale built: 1963

Main Photo: 1266 S Island Hwy in Campbell River: CR Campbell River Central Multi Family for sale : MLS®# 1034582
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1034582
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. 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
Listing General Location:
CR Campbell River Central, Campbell River
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.92 acre(s)
Number of Storeys:
2
Total Building Area:
3,400 sq. ft.
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Ocean
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Campbell River
Zoning:
RM-2
Legal Non-Conformance:
No
Occupancy:
Tenant
Lot Site Features:
Central Location, Easy Access, Rectangular Lot, Serviced, Shopping Nearby, Sloped
Parking Features:
On Site
Total Parking Spaces:
5
Date Listed:
May 04, 2026
Original Price:
849000.0
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Listed by Royal LePage Coast Capital Realty
Data was last updated July 24, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$799,000
Min list price:
$200,000
Max list price:
$6,999,000
Avg days on market:
81
Min days on market:
4
Max days on market:
465
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.
LEBLANC GROUP
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Leblanc Piercy Group

Engel & Völkers Vancouver Island

735 Humboldt Street 
Victoria,  BC 
V8W 1B1 

Mobile: 250 686 7789, 250-812-7212

Phone: 778 433 8885

Email: info@luxurybchomes.com

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