161 Lonsdale Cres Active Save Request In-Person Tour Request Virtual Tour
Campbell River,BC V9W5L5
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,123 sqft
Price per Sqft $162
Subdivision Campbell River Central
MLS Listing ID 1011675
Bedrooms 3
Year Built 1977
Lot Size 10,541 Sqft
Property Sub-Type Freehold
Property Description
161 Lonsdale presents a rare opportunity to combine smart investment with lifestyle flexibility in one of Campbell River's most desirable neighborhoods. This unique duplex features one side already stripped and ready for renovation, while the other side is set for major upgrades, making it ideal for someone who wants to live in one unit and rent out the other. With a purchase price of $670,000 and the option of a $100,000 improvement mortgage, total financing comes to approximately $770,000. At 5% interest over a 25-year amortization, estimated monthly mortgage payments would be around $4,490. Rental income potential from both units is approximately $5,200 per month, meaning the rental income could nearly offset the mortgage, creating a self-financing investment. Located in Lonsdale, the property is close to schools, amenities, and transit, and duplexes with this level of value-add potential are extremely limited in the area. By investing in upgrades, you can significantly increase both equity and rental income while having full control over the quality and style of renovations. Whether you are an investor seeking strong long-term returns or an owner-occupier looking for a live-in, income-generating property, 161 Lonsdale offers appreciation potential, and a flexible lifestyle. For more information or to schedule a private showing, contact Kim Rollins, REALTOR®, at eXp Realty, Campbell River, BC, at 250-203-5144 (id:24570)
Location
Province BC
Zoning Duplex
Rooms
Kitchen 1.0
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
View Y/N No