Campbell River Multi-Family Portfolio 2 Multifamily Properties Offered at $47,600,000 CAD in Campbell River, BC

CBRE presents a rare opportunity to acquire two premier multi-family assets in the heart of Campbell River’s coveted Willow Point neighborhood. The Campbell River Multi-Family Portfolio, comprising the Watermark and Southpoint Apartments, offers 121 condo-quality rental units across two modern buildings constructed in 2019 and 2020. With no near-term capital expenditure requirements, this portfolio provides immediate income stability and long-term growth potential in a supply-constrained market.
Situated directly across from the ocean, both properties boast panoramic coastal views and are steps from the scenic Seawalk trail, Frank James Park, and a wide array of retail and dining amenities. The Watermark features 51 residential units and 4,122 SF of commercial space, while Southpoint offers 70 residential units with in-building amenities including a fitness center and resident lounge. Units average over 820 SF and include high-end finishes such as quartz or granite countertops, stainless steel appliances, and in-suite laundry.
Campbell River’s population has grown 8.4% since 2019, driven by strong domestic migration and supported by major infrastructure investments like the $500M+ John Hart Dam upgrade. With a residential vacancy rate of just 1.6% and only 131 rental units in the development pipeline, this portfolio is positioned to meet rising demand in one of Vancouver Island’s most livable cities.
The offering includes attractive assumable financing and is held in a bare trust, providing potential savings on property transfer tax. This is a compelling opportunity for investors seeking scale, quality, and operational efficiency in a high-growth coastal market.