Campbell River development property sold for double the assessed value

The 1.21-acre site sold for $1,375,000 and has an assessed value of $492,000

By
for Western Investor
December 12, 2018





campbell river
 
A commercial development property in Campbell River has sold for $1.37 million, 21 Century Arbutus Realty reports. 
 
The 1.21 acre-property is located in the heart of the Willow Point commercial area. The C2 zoning allows for a variety of projects, including a retail strip mall, mixed use retail and residential, storage facility, social care facility and restaurant. 
 
The property is located at 2338 Island Highway South, Campbell River. 
 
 

Breakdown: 

 
Price: $1,375,000
Lot Size: 1.21 acres 
Property Type: Land 
Zoning: C2 
2017 B.C. Assessment Value: $492,000
Date of Sale: 12/03/2018
City: Campbell River  
Province: B.C. 
Name of Brokerage: Century 21 Arbutus Realty 
 

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