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Campbell River 50-unit rental complex sells for $6.7 million

The two-building, three-storey, ocean-view multi-family complex is on 1.25 acres within walking distance to downtown in the Vancouver Island community.
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William Wright Commercial, Vancouver, for Western Investor

Property type: Multi-family

Location: 951and 961 Cedar Street, Campbell River, B.C

Number of buildings: 2

Total number of units: 50

Total property size: 39,450 square feet (approx.)

Land size in acres: 1.25 acres

Estimated capitalization rate: 6.6 per cent

Sale price: $6.7 million

Sale price per door: $134,000

Brokerage: William Wright Commercial, Vancouver

Broker: Marianne DeCotiis