476 Old Petersen Rd
Campbell River, BC V9W3M9
$579,000
Property Details
Property & Lot
- Lot size
- 20,909 square feet
- Zoning
- Multi-Family
RM2
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,373
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view
Parking
- Total spaces
- 10
Listing Information
- MLS®
- 993052
- Listed
- March 25, 2025
- Time on market
- On the market for 524 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Ocean Pacific (CR) · Data source: CREA DDF.
Description
Perfect place to build your dream home on .48 acre, flat lot or take advantage of the RM2 zoning for a multi family development (up to 10 units for this lot size). The owner has explored 3 unique development options and has site plans for a 2, 3 or 8 unit development. See attached site plans. The location is close to town, bus routes and around the corner from the golf course, Velocity Lounge and the new Naturally Pacific Resort and Spa. (id:63159)
Location Insights
Weather
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
4
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
| School | Type | Distance |
|---|---|---|
| Ecole Des Deux Mondes Elementary | Elementary | 861 m |
| Secondaire Carihi | Secondary | 1.0 km |
| Carihi Secondary | Elementary | 1.0 km |
| Ripple Rock Elementary | Elementary | 1.1 km |
| Cedar Elementary | Elementary | 1.4 km |
| Ecole Phoenix Middle | Elementary | 1.4 km |
| Campbell River Christian School(Independent) | K-12 | 1.8 km |
| Pinecrest Elementary | Elementary | 2.1 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
Restaurants (1)
- Carve Kitchen + Eatery506 m
Nearby places data: © OpenStreetMap contributors.
School district: Campbell River (SD72)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.7% ($32,900) — 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.