4123 Island Hwy S
Campbell River, BC V9H1E9
$1,349,900
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.51 acres
- Zoning
- Residential
R1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,223
Interior
- Heating
- Heat Pump, Electric, Wood
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 6
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Mud room | Lower level | 10'2 x 9'1 |
| Bathroom | Lower level | 4-Piece |
| Kitchen | Lower level | 7'2 |
| Dining room | Lower level | 6'1 x 11'4 |
| Living room | Lower level | 12'8 x 10'7 |
| Bedroom | Lower level | 8'10 x 12'5 |
| Laundry room | Lower level | 22'11 |
| Family room | Lower level | 22'11 x 12'11 |
| Bathroom | Second level | 3-Piece |
| Bedroom | Second level | 14'8 x 12'2 |
| Bedroom | Second level | 15'11 x 15'4 |
| Bedroom | Second level | 12'11 |
| Office | Main level | 7'1 x 11'1 |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | 11'9 x 9'9 |
| Primary Bedroom | Main level | 11'1 x 12'5 |
| Living room | Main level | 23'3 |
| Kitchen | Main level | 12'4 x 10'9 |
| Entrance | Main level | 8'1 x 5'11 |
| Dining room | Main level | 10'4 |
Listing Information
- MLS®
- 1034550
- Listed
- May 5, 2026
- Time on market
- On the market for 118 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Ocean Pacific (Crtny) · Data source: CREA DDF.
Description
Rare ½-acre walk-on oceanfront property in Oyster Bay offering the quintessential Vancouver Island lifestyle with breathtaking views of the ocean, mountains, and nearby islands. Wake up to spectacular sunrises, spend your days kayaking from your own backyard, beachcombing the shoreline, watching eagles, whales, seals, and abundant marine wildlife, then unwind in the hot tub as the moon rises over the water. This beautifully updated home blends relaxed coastal charm with modern comfort, featuring fir kitchen cabinetry, newer appliances, a bright open-concept living space, and a stunning cascading patio door that creates seamless indoor-outdoor living right on the waterfront. French doors off the dining area lead to a private oceanview hot tub—perfect for entertaining or quiet evenings by the sea. Recent upgrades include a new septic system (2021), heat pump with A/C, windows, flooring, and a renovated bathroom with heated floors. Outside, enjoy beautifully landscaped grounds with irrigation, a firepit area, fenced space for pets or children, and ample parking for vehicles, RVs, and boats. The fully self-contained lower suite is currently operating as a successful turnkey vacation rental with the potential to generate $40,000+ annually, making this an exceptional opportunity for those seeking both an incredible lifestyle and a strong income-producing investment. Whether you're searching for a full-time waterfront residence, multigenerational living, or a high-demand West Coast getaway, this property offers a rare combination of natural beauty, comfort, and revenue potential. See Feature Sheet! (id:63159)
Values & Trends
This listing
$427/sqft
Building average
—
No other active listings in this building
Campbell River South average
$509/sqft
17 active listing(s)
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
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 |
|---|---|---|
| Ocean Grove Elementary | Elementary | 4.6 km |
| Miracle Beach Elementary | Elementary | 6.5 km |
| Ècole Willow Point Elementary | Elementary | 7.8 km |
| Georgia Park Elementary | Elementary | 8.0 km |
| Southgate Middle School | Elementary | 8.6 km |
| Penfield Elementary | Elementary | 9.2 km |
| Timberline Secondary School | Elementary | 9.9 km |
| Mer-et-montagne | Elementary/Middle | 10.4 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: 8.1% ($109,990) — 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.