$895,000
497 Rockland Rd
Beds
—
Baths
—
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Campbell River. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
This multi-residential development property is in an excellent central Campbell River location, on a bus route and between two main transportation routes (Alder and Dogwood Streets). It is in a mixed-residential neighbourhood that is close to the college, schools, shopping and recreation facilities. Rockland Rd is the border between central Campbell River and Willow Point, with the southern side (including 497) being in Willow Point. The property is zoned RM-3, with specific allowance for townhouses or row houses with secondary suites, in addition to apartments, with up to 24 dwelling units, at a maximum height of 15m/ 49ft. The lot is approx. 0.78 acres with 197ft of frontage on Rockland Rd. There are full services to the property (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Willow Point
- Common interest
- Freehold
- Lot size
- 0.78 acres
- Lot dimensions
- 0.78
- Parking
- 2 total
- On market
- Dec 10, 2025
- Status changed
- Apr 20, 2026
- Annual tax
- $4,625
- Zoning
- Unknown
- Photos
- 4
- MLS#
- 1021787
- Area
- CAMPBELL_RIVER
Features and systems
View
Cash on cash
-6.61%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,512
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.