Property Type: Condo / ApartmentOwnership: StrataNEW LISTING

104 87 Island Hwy S

Campbell River, BC V9W1A2

$495,000

2 bed2 bath3 parking1,015 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

RM3

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$604/mo
Annual property tax
$3,903.48

Interior

Heating
Baseboard heaters
Cooling / A/C
None
Fireplace
None
Appliances
Refrigerator, Range - Electric, Dishwasher, Dryer

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean
Lot features
Southern exposure, Other, Marine Oriented

Building

Parcel ID (PID)
023-004-274

Parking

Total spaces
3 — uncovered indicated
Features
Other

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Dining nookMain level8'3 x 7'9
BedroomMain level19'9 x 14'10
BedroomMain level9'7 x 8'11
Living roomMain level15'3 x 11'6
KitchenMain level7'9 x 9'7
Dining roomMain level11'2 x 12'11
BathroomMain level8'9 x 4'11
BathroomMain level4'11 x 7'5

Listing Information

MLS®
1047195
Listed
August 31, 2026
Time on market
Listed today
Data last synced
September 1, 2026

Listing provided by: eXp Realty (CR) · Data source: CREA DDF.

Description

WALK ON WATERFRONT! Here is an affordable opportunity to get into the market and enjoy the West Coast lifestyle in a location that is truly hard to beat. This two bedroom, two bathroom condo is literally steps from the ocean. Step outside your front door and you are immediately at the beautiful waterfront, where you can enjoy the fresh sea air, watch the boats go by and experience coastal living right outside your door. The building has been completely redone, giving you the opportunity to purchase in an updated building while making the interior of this condo your own. With two bedrooms and two bathrooms, there is plenty of flexibility whether you are looking for your first home, downsizing, purchasing a Vancouver Island getaway or simply looking for an affordable way to live by the ocean. There is so much potential here. Bring your ideas, add your own style and create a beautiful waterfront home in one of Campbell River's most desirable settings. Opportunities to live this close to the ocean at an approachable price point do not come along every day. Come see what walk on waterfront living is all about! For more information or to arrange your private viewing, contact: Kim Rollins, REALTOR® eXp Realty 250 203 5144 (id:63159)

Values & Trends

This listing

$488/sqft

Building average

$558/sqft

1 active listing(s)

Campbell River South average

$492/sqft

3 active listing(s)

Parking: 3 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Mostly Cloudy

18°C

Mostly Cloudy

Humidity 80%

Wind N 2 km/h

Tonight

13°

Tuesday

20°

Tuesday night

16°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

35,519

(2021 Census)

+7.6% since 2016

Density: 246/km²

Dwellings: 16,194

Median household income: $78,000

After-tax: $70,000

Immigrant population: 10.5%

Top countries of origin (% of total population)

  • United Kingdom2.7% · 960
  • United States of America1% · 355
  • Philippines0.9% · 320
  • Germany0.6% · 215
  • South Africa, Republic of0.5% · 165
  • India0.5% · 160
  • Netherlands0.3% · 120
  • Viet Nam0.3% · 105

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Pinecrest ElementaryElementary856 m
Cedar ElementaryElementary1.2 km
Campbell River Christian School(Independent)K-121.2 km
Elm AlternateElementary1.3 km
Secondaire CarihiSecondary1.5 km
Carihi SecondaryElementary1.5 km
Ecole Des Deux Mondes ElementaryElementary1.9 km
Sandowne ElementaryElementary1.9 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Parks (5+)

  • Hidden Harbour Park South52 m
  • Unnamed301 m
  • Hidden Harbour Park North · 151 Island Highway479 m
  • Cedric Jones Park482 m
  • Unnamed499 m

Nearby places data: © OpenStreetMap contributors.

School district: Campbell River (SD72)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$396,000.00
Periodic payment — Principal & Interest (monthly)$2,554.86
Additional monthly expenses (strata, tax, utilities, etc.)$980.29
Total monthly cost$3,535.15
Interest paid over 5-yr term$113,494.74
Balance at end of term$356,203.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,750
Stress test qualifying rate8.09%
Payment you must qualify for$3,616.06

Cash Needed at Closing

Minimum down payment$24,750
Estimated BC PTT$7,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,150

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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