2338 South Island Highway

Campbell River, BC
70-Unit New-Build Apartment w/ Assumable Debt
The Southpoint is a Class A, newly constructed 70-unit apartment complex located steps from the ocean, in one of Campbell River’s most desirable neighbourhoods Willow Point. The 5-storey building was built in 2020 to exceptionally high standards, with an array of condo quality finishings and amenities. Situated on 1.2 acres of land, the Property features 91 parking stalls and a shared outdoor residents lounge. Investors will benefit from extremely low vacancy rates (0.4% in 2022 - Campbell River), attractive assumable debt (1.85% interest rate | $15,395,345 balance | June 1, 2026 term maturity), and upside in rents (10-15% spread to market).
56,354 SF Rentable Area | 1.2 Acres of Land
Multi-Family
Contact Agents

Listing Agent: Ross Marshall (Personal Real Estate Corporation)

Contact Info: ross.marshall@cbre.com | 250 386 0004