951 & 961 Cedar Street

Sold | Multifamily | ± 39,450 SQFT | $6,750,000

William Wright Commercial is pleased to announce the sale of Terrace View Apartments, located in the lively community of Campbell River. This three storey 50-unit rental apartment building is positioned on 1.25 acres of land, overlooking downtown and the ocean. This building has a fantastic unit mix of large 1, 2, and 3 bedrooms.

Campbell River has a .05% vacancy rate and there is significant upside to the rents in this building. Currently the rents are 20% under market and fully stabilized. This building will achieve a 6.6% cap rate.




951 & 961 Cedar Street, Campbell River,


± 39,450 SQFT





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Marianne DeCotiis
Marianne DeCotiis

Personal Real Estate Corporation

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.