3701 Island Hwy
Campbell River, BC V9H1L8
$3,980,000
Property Details
Property & Lot
- Lot size
- 7.86 acres
- Zoning
- Unknown
RM-1
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $11,892
Interior
- Fireplace
- None
Listing Information
- MLS®
- 1041659
- 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******* PLANNED COMMUNITY******** New OCP allows to rezone to Medium Density Mixed use Up to 6 Storey's An exciting opportunity to shape the future of North Campbell River - this 7.86-acre parcel is ideal for developing a well-rounded residential or mixed-use community. Zoned RM-1 for multi-family housing, the land offers flexibility for townhomes, apartments, or a combination of residential and commercial spaces. With potential for rezoning, imagine adding a small grocery store, cafe, or other local amenities to serve the growing population in this desirable coastal area. Neighboring a 1.74-acre parcel also for sale, this property is just minutes from downtown Campbell River, Discovery Harbour Shopping Centre, and the marina. Residents will love the walkable access to Painter's Lodge and the ocean. This is a rare chance for developers to create a vibrant, livable neighborhood where people can live, shop, and connect-all in one beautiful location (id:63159)
Location Insights
Weather
14°C
Shallow Fog
Humidity 100%
Wind W 3 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
| School | Type | Distance |
|---|---|---|
| Ripple Rock Elementary | Elementary | 3.7 km |
| Ecole Phoenix Middle | Elementary | 4.3 km |
| Quadra Elementary | Elementary | 4.4 km |
| Ecole Des Deux Mondes Elementary | Elementary | 4.5 km |
| Carihi Secondary | Elementary | 5.0 km |
| Secondaire Carihi | Secondary | 5.0 km |
| Cedar Elementary | Elementary | 5.3 km |
| Campbell River Christian School(Independent) | K-12 | 6.2 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)
Similar Listings Nearby
No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($796,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.