$1,650,000. Canadian Multi - Use Commercial Property
Situated in the heart of Campbell River's downtown core, this site is prime for redevelopment. This relatively level 1.34-acre site in 5 separate titles with substantial road frontage on St. Ann's Rd., Alder St., and Beech Rd. as well as Dubeau St., (a secondary artery) is fully serviced.
	3 adjoining lots make up the St Ann's Block and the Downtown Centre consists of 2 adjoining lots. A laneway bisects the properties. The City of Campbell River has expressed willingness to dispose of this laneway so that all properties could be made contiguous.
Currently referred to as the "St. Ann's Block and the Downtown Center" The existing improvements include a mix of primarily retail storefront and office space, with some storage and a small second storey office space. Constructed improvements are situated on four of the five titles. The fifth title is a paved lot for paid parking.
	Prime for redevelopment to a higher and better use, the property is zoned C-1A. This zoning is designed to encourage a full range of commercial and residential uses in the neighborhood, ideally: residential over retail. 100 percent lot coverage is allowed. Providing some conditions are satisfied, building heights can be up tp 26.5 metres.
This location is within short, easy walking distance throughout the downtown core is surrounded by retail and office spaces and is approximately 100 metres away from the foreshore park and the Oceanside. Homes in a high-rise development would enjoy excellent ocean views. Campbell River is one of the most beautiful communities on Vancouver Island.
	The location and amenities offer a fantastic lifestyle for growing families as well as the baby boomers & retirement community. The City of Campbell River has experienced strong, steady diversified growth for a number of years as a result of everything it has to offer. This includes the migration of a number of substantial, multi-national retailers to the city who have recently developed and established new locations in the community and more are on the way.
Zoning:C-1A 2008 Taxes: $23,938.95