Property Type: Land / LotOwnership: Freehold

1755 McDonald Rd

Campbell River, BC V9W4S5

$1,980,000

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Property Details

Property & Lot

Lot size
1.76 acres
Zoning
Unknown

RM-1

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$9,295

Interior

Fireplace
None

Listing Information

MLS®
1041660
Listed
June 27, 2026
Time on market
On the market for 65 days
Data last synced
August 28, 2026

Listing provided by: REMAX Ocean Pacific (CR) · Data source: CREA DDF.

Description

***ATTENTION DEVELOPERS**** ***NEW OCP allows rezone from RM-1 to Medium Density Mixed use up 6 storey Buildings *****18 Unit Townhouse Plans Complete, Owner will look at a Joint Venture*** This 1.76-acre parcel is zoned RM-1 for multi-family use, offering the ideal setting for your next residential development. Previously approved for an 18-unit townhouse project (permit now expired), the potential remains strong, and re-approval should be a straightforward process. Located within walking distance of the iconic Painter's Lodge, enjoy easy access to fine dining, breathtaking ocean views, and unforgettable sightings of cruise ships and orcas passing through Discovery Passage. Conveniently, it's also just a short drive to downtown Campbell River, Discovery Harbour Shopping Centre, and the marina, placing all essential amenities and recreational activities within easy reach. *** This area is going to be the ''next'' Campbell River Neighborhood*** (id:63159)

Location Insights

Weather

Shallow Fog

14°C

Shallow Fog

Humidity 100%

Wind NW 9 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.

Nearby Schools

SchoolTypeDistance
Ripple Rock ElementaryElementary3.8 km
Ecole Phoenix MiddleElementary4.3 km
Quadra ElementaryElementary4.3 km
Ecole Des Deux Mondes ElementaryElementary4.5 km
Carihi SecondaryElementary5.0 km
Secondaire CarihiSecondary5.0 km
Cedar ElementaryElementary5.2 km
Campbell River Christian School(Independent)K-126.2 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.

School district: Campbell River (SD72)

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Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($396,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,584,000.00
Periodic payment — Principal & Interest (monthly)$10,219.43
Additional monthly expenses (strata, tax, utilities, etc.)$774.58
Total monthly cost$10,994.01
Interest paid over 5-yr term$453,978.95
Balance at end of term$1,424,813.12

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$396,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,180.41

Cash Needed at Closing

Minimum down payment$396,000
Estimated BC PTT$37,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$435,100

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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