Multifamily
Oceanview Apartments
850 Dogwood St, Campbell River, BC V9W 0G4
Listing Price: Request For Offer
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap and Institutional Property Advisors are proud to present Oceanview Apartments (the “Property”), a premier 5-storey newly built multifamily rental complex with stunning ocean views, located in beautiful Campbell River, BC. The Property, situated near the downtown core was built in 2022 by a reputable Lower Mainland developer and offers a diverse suite mix of condo-quality bachelor, one-bedroom, and two-bedroom suites with strong current and historical operational performance with proven upside.
Oceanview Apartments
Investment Highlights
- Newly constructed in 2022 by a reputable Metro Vancouver developer, the property has been built to a high condominium-quality standard, offering modern finishes, and superior building systems.
- The offering comprises a total of 79 residential suites, including 1 bachelor, 45 one-bedroom, and 33 two-bedroom units.
- Oceanview Apartments has been expertly managed by an experienced in-town professional management team, with a demonstrated track record of maintaining the asset to a very high standard.
- The property benefits from solid operational fundamentals, with stable cash flow and clear opportunities to further enhance revenue through strategic rental increases and natural tenant turnover.
- The offering includes highly favorable in-place CMHC-insured financing, with a below-market interest rate of 2.36% and term remaining through September 2032.
- The property features a comprehensive amenity package including meticulously landscaped grounds, a resident courtyard with gazebo, fenced dog run, community garden plots, dog wash facility, secure underground and surface parking, on-site storage, and a dedicated bike storage, wash, and repair station.
Exclusively Listed By
Investment Highlights
- Newly constructed in 2022 by a reputable Metro Vancouver developer, the property has been built to a high condominium-quality standard, offering modern finishes, and superior building systems.
- The offering comprises a total of 79 residential suites, including 1 bachelor, 45 one-bedroom, and 33 two-bedroom units.
- Oceanview Apartments has been expertly managed by an experienced in-town professional management team, with a demonstrated track record of maintaining the asset to a very high standard.
- The property benefits from solid operational fundamentals, with stable cash flow and clear opportunities to further enhance revenue through strategic rental increases and natural tenant turnover.
- The offering includes highly favorable in-place CMHC-insured financing, with a below-market interest rate of 2.36% and term remaining through September 2032.
- The property features a comprehensive amenity package including meticulously landscaped grounds, a resident courtyard with gazebo, fenced dog run, community garden plots, dog wash facility, secure underground and surface parking, on-site storage, and a dedicated bike storage, wash, and repair station.
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap and Institutional Property Advisors are proud to present Oceanview Apartments (the “Property”), a premier 5-storey newly built multifamily rental complex with stunning ocean views, located in beautiful Campbell River, BC. The Property, situated near the downtown core was built in 2022 by a reputable Lower Mainland developer and offers a diverse suite mix of condo-quality bachelor, one-bedroom, and two-bedroom suites with strong current and historical operational performance with proven upside.
Exclusively Listed By
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