765 8th Ave Campbell River, British Columbia V9W 4A7

$580,000

Welcome to 765 8th Ave, Campbell River — a rare opportunity that blends investment potential with family living. Set on a prime .50-acre lot, this property is already zoned to allow a fourplex, with possible options to rezone for further development. Priced well, the value reflects both the size of the lot and the condition of the home. The existing 4-bedroom, 2-bathroom residence is functional and full of potential, but it will require a new perimeter drain (approx. $20,000) and some general updates — offering the chance to build equity through improvement. The main floor is bright and welcoming, while the lower level provides flexibility with a family room, additional bedroom, den, storage, and an 11x13 workshop with exterior access — perfect for a home business or hobby space. Outdoors, enjoy mature gardens, flowering shrubs, two vine-covered porches, and fenced raised garden beds. Two separate driveways plus a single carport provide excellent parking and access. Investment scenario: At $600,000 with 5% down ($30,000), in 5 years you could pay down approx. $68,000 in principal while also benefiting from property appreciation. With even modest 3% annual growth, the property could be worth over $695,000 in five years — turning updates today into long-term equity tomorrow. Tucked away on a quiet street yet close to town, this property offers privacy, space, and opportunity. Whether you redevelop, invest, or create your family retreat, it’s a chance to own a sizeable lot with strong future potential. Contact Kim Rollins, eXp Realty at 250-203-5144 or kim@kimrollins.ca to schedule a viewing. (id:46156)

Property Details

MLS® Number	1011655
Property Type	Single Family
Neigbourhood	Campbell River Central
Features	Central Location, Park Setting, Private Setting, Wooded Area, Other
Parking Space Total	6
Plan	Vip19321
View Type	Mountain View, Ocean View

Building

Bathroom Total	2
Bedrooms Total	3
Constructed Date	1963
Cooling Type	None
Fireplace Present	Yes
Fireplace Total	2
Heating Fuel	Oil
Heating Type	Forced Air
Size Interior	2,846 Ft2
Total Finished Area	2397 Sqft
Type	House

Land

Acreage	No
Size Irregular	21344
Size Total	21344 Sqft
Size Total Text	21344 Sqft
Zoning Description	R1
Zoning Type	Residential

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Other			4'10 x 8'5
Lower Level	Workshop			18'11 x 19'3
Lower Level	Recreation Room			11'1 x 18'9
Lower Level	Unfinished Room			11'8 x 9'2
Lower Level	Den			11'5 x 9'4
Lower Level	Family Room			13'2 x 19'3
Lower Level	Bathroom			3-Piece
Main Level	Kitchen			15'4 x 8'11
Main Level	Dining Room			11'9 x 8'11
Main Level	Living Room			13'6 x 19'6
Main Level	Bedroom			10'3 x 9'6
Main Level	Bedroom			10'3 x 9'6
Main Level	Primary Bedroom			13'1 x 10'11
Main Level	Bathroom			4-Piece

https://www.realtor.ca/real-estate/28758856/765-8th-ave-campbell-river-campbell-river-central