Property Type: Condo / ApartmentOwnership: Strata

505 536 Island Hwy S

Campbell River, BC V9W1A5

$499,000

1 bed1 bath1 parking757 sqftBuilt 2023
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

RM-3

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$251/mo
Annual property tax
$3,187.63

Interior

Heating
Heat Pump, Forced air, Heat Recovery Ventilation (HRV)
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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
BathroomMain level4'11 x 9'3
BedroomMain level11'6 x 14'1
Dining roomMain level6'1 x 13'10
KitchenMain level8'9 x 13'10
Living roomMain level11'3 x 16'2

Listing Information

MLS®
1044718
Listed
August 3, 2026
Time on market
On the market for 29 days
Data last synced
August 28, 2026

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

Description

Enjoy unobstructed ocean views over Quadra Island and Discovery Passage from this top-floor, modern 1-bedroom, 1-bathroom condo is perfect for downsizing or embracing a care-free lifestyle. The bright, open layout flows onto a spacious covered balcony where you can soak in panoramic water views. High-end details include quartz countertops, stainless steel appliances, electric blinds, heated bathroom floors, in-suite laundry, heat pump with air conditioning, and secure underground parking. The building features bike storage, an amenity room, and a shared community patio. Take the nearby Seawalk trail to enjoy restaurants, shopping, and waterfront strolls. Book your showing today! (id:63159)

Values & Trends

This listing

$659/sqft

Building average

$529/sqft

1 active listing(s)

Campbell River Central average

$440/sqft

28 active listing(s)

Parking: 1 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

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.

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
Elm AlternateElementary940 m
Pinecrest ElementaryElementary1.0 km
Mer-et-montagneElementary/Middle1.2 km
Sandowne ElementaryElementary1.3 km
Campbell River Christian School(Independent)K-121.3 km
Cedar ElementaryElementary1.9 km
Secondaire CarihiSecondary2.2 km
Carihi SecondaryElementary2.2 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.

Nearby Places

Parks (5+)

  • Rotary Beach Park North187 m
  • Unnamed242 m
  • Seawalk North246 m
  • Unnamed393 m
  • Unnamed589 m

Nearby places data: © OpenStreetMap contributors.

School district: Campbell River (SD72)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (strata, tax, utilities, etc.)$554.18
Total monthly cost$3,129.68
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,645.28

Cash Needed at Closing

Minimum down payment$24,950
Estimated BC PTT$7,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,430

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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