South Alder large 5 bedroom 4 bathroom Revenue producing property. Investor alert. This large family home has been operated as a successful air bnb and produced strong income flow. Currently set up to rent 3 bedrooms up and shared living/cooking area with potential income of $1000 per month per bedroom. The large living/dining area has vaulted ceilings and large windows to soak in the ocean and mountain views. Downstairs are 2 additional suites. A 2 bedroom in law suite plus a studio style in law suite. Revenue of approximately $3000 monthly. Both suites have separate entrances and own laundry rooms. Many possibilities with this unique home. Live upstairs and have 2 revenue suites below. Great ocean views from the upstairs deck, the backyard is landscaped with a good sized vegetable garden and storage shed. Solar panels on the roof help with consumption charges. Lots of outside parking close to schools and on a bus route.Considering a strong revenue producing property. Look no further
Address
516 Alder St S
List Price
$784,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Campbell River
Sub-Area
CR Campbell River Central
Bedrooms
5
Bathrooms
4
Floor Area
3,120 Sq. Ft.
Lot Size
7840.8 Sq. Ft.
Lot Size (Acres)
0.18 Ac.
Year Built
1980
MLS® Number
994778
Listing Brokerage
2% Realty Pacific Coast Inc.
Basement Area
Full
Postal Code
V9W 5W5
Tax Amount
$5,934.00
Tax Year
2024
Features
Baseboard, Electric
Amenities
Balcony/Deck, Central Location, Guest Accommodations, Low Maintenance Yard