Oceanview Apartments

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Salient Details

  • Units 79
  • Suite Mix 1-Bachelor, 45-1 Bed, 33-2 Bed
  • Lot Size 43,473 sf
  • Net Rentable sf 55,452 sf
  • Year Built 2022
  • Net Income $1,278,822

Oceanview Apartments

Acquire a premier 5-Storey newly built multifamily rental complex with stunning ocean views in Campbell River, BC
850 Dogwood Street - Brochure

Investment Highlights

Institutional-Quality Construction
Newly constructed in 2022 by a reputable Metro Vancouver developer, the property has been built to a high condominium-quality standard, offering modern finishes, superior building systems, and long-term durability with minimal near-term capital requirements.
Compelling Scale with Diverse Suite Mix
The offering comprises a total of 79 residential suites, including 1 bachelor, 45 one-bedroom, and 33 two-bedroom units. This well-balanced mix caters to a broad tenant demographic, supporting stable occupancy and diversified revenue streams.
Proven Professional Management
Oceanview Apartments has been expertly managed by an experienced in-town professional management team, with a demonstrated track record of maintaining the asset to a very high standard. This is reflected in consistently strong historical and in-place occupancy levels.
Strong In-Place Performance with Upside Potential
The property benefits from solid operational fundamentals, with stable cash flow and clear opportunities to further enhance revenue through strategic rental increases and natural tenant turnover.
Attractive Assumable CMHC Financing
The offering includes highly favorable in-place CMHC-insured financing, with a below-market interest rate of 2.36% and term remaining through September 2032.
Extensive Tenant-Oriented Amenities
The property features a comprehensive amenity package including meticulously landscaped grounds, a resident courtyard with gazebo, fenced dog run, community garden plots, dog wash facility, secure underground and surface parking, on-site storage, and a dedicated bike storage, wash, and repair station.

Contact us

James Blair

Managing Director

Personal Real Estate Corporation

Patrick McEvay

Managing Director

Personal Real Estate Corporation

Adam Herman

Director

Personal Real Estate Corporation