161 Lonsdale Cres, Campbell River, British Columbia

About 161 Lonsdale Cres

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:36535)

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