- Active
#2 – 553 Island Highway
Campbell River · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,653
- Built
- 1989
Listed by Real Broker · MLS® 1043542
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Sign inAbout this home
Waterfront Living at Its Finest Rarely do opportunities like this come available. Welcome to this spacious waterfront condo in an exclusive six-unit building, offering over 1,650 sq. ft. of bright, open-concept living and breathtaking, ever-changing ocean views. From the moment you step inside, you’ll be captivated by the panoramic marine vistas stretching across Discovery Passage. Watch everything from fishing boats and tugboats to luxury yachts pass by, while cruise ships glide through on summer evenings. You’ll even enjoy a front-row seat to the excitement of the VanIsle 360 and spectacular views of the Canada Day fireworks. Designed for comfortable year-round living, this home stays naturally cool even on the warmest summer days and remains cozy throughout the winter with efficient in-floor heating throughout most of the condo. The peaceful setting offers an incredible sense of tranquility, with no street noise—just the sounds of waves gently lapping the shoreline, seabirds calling overhead, bald eagles soaring by, and seals playing in the water below. This well-maintained building is known for its quiet atmosphere, with minimal noise from neighbouring units and a wonderful community of owners. Each residence includes two parking spaces, and residents enjoy access to a common waterfront side yard—perfect for relaxing in the sun while taking in the ocean views. A staircase from the property provides direct access to the beach below. Located just steps from downtown Campbell River, you’ll love the walkability to the Discovery Pier, Crabby Bob’s, Session Taproom + Kitchen, Quay West, Chances, Ostler Park, Tyee Plaza, and a variety of local shops, restaurants, and amenities. Whether you’re looking for a full-time residence or a low-maintenance waterfront lifestyle, this is a truly special opportunity to own in one of Campbell River’s most sought-after and rarely available oceanfront buildings. Oceanfront living doesn’t get much better than this.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,653 sq ft
- Lot size
- 1,653 sq ft
- Year built
- 1989
- Parking
- 2
- Property type
- Single Family
- Carport
- Yes
- Area
- Campbell River Central
- Listed
- July 17, 2026
- Structure
- Apartment
- PID
- 015-683-923
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Mountain view
- Waterfront
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
- Heating
- Other
- Cooling
- None
- Parking
- Carport
- Lot
- Central location, Curb & gutter, Other
- Community
- Family Oriented, Pets Allowed
Rooms and building
- Water
- Zoning
- Multi-Family
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $3,128
- Property tax
- $192/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,469
Purchase snapshot
- List price
- $659,900
- Down payment
- $131,980 (20%)
- Estimated mortgage
- $527,920
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $4,204
- At 6.3701 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 44%
Who lives here
Documents
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Availability is not guaranteed. Review documents with a professional.