4123 Island Highway
Campbell River · V9H1E9
$6,786/mo

Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Campbell River · V9H1E9
$6,786/mo

Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
Book now
Rare ½-acre walk-on oceanfront property in Oyster Bay offering the quintessential Vancouver Island lifestyle with breathtaking views of the ocean, mountains, and nearby islands. Wake up to spectacular sunrises, spend your days kayaking from your own backyard, beachcombing the shoreline, watching eagles, whales, seals, and abundant marine wildlife, then unwind in the hot tub as the moon rises over the water. This beautifully updated home blends relaxed coastal charm with modern comfort, featuring fir kitchen cabinetry, newer appliances, a bright open-concept living space, and a stunning cascading patio door that creates seamless indoor-outdoor living right on the waterfront. French doors off the dining area lead to a private oceanview hot tub—perfect for entertaining or quiet evenings by the sea. Recent upgrades include a new septic system (2021), heat pump with A/C, windows, flooring, and a renovated bathroom with heated floors. Outside, enjoy beautifully landscaped grounds with irrigation, a firepit area, fenced space for pets or children, and ample parking for vehicles, RVs, and boats. The fully self-contained lower suite is currently operating as a successful turnkey vacation rental with the potential to generate $40,000+ annually, making this an exceptional opportunity for those seeking both an incredible lifestyle and a strong income-producing investment. Whether you're searching for a full-time waterfront residence, multigenerational living, or a high-demand West Coast getaway, this property offers a rare combination of natural beauty, comfort, and revenue potential. See Feature Sheet!
6
Beds
3,159 ft²
Floor area
1955
Year built
Single Family
Type
Campbell River South
Area
Listed
May 5, 2026
$1,450,000 is 40.6% above the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
1h 13m
walk to Discovery Foods
1h 9m
bike to Tofino Bus Stop
3h 50m
walk to Tofino Bus Stop
6h 32m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 59%
| Detached | 19 | 59.4% |
| Land | 11 | 34.4% |
| Duplex | 1 | 3.1% |
| Mobile home | 1 | 3.1% |
| $30,000 to $34,999 | 5 | 3.4% |
| $35,000 to $39,999 | 5 | 3.4% |
| $40,000 to $44,999 | 5 | 3.4% |
| $45,000 to $49,999 | 5 | 3.4% |
| $50,000 to $59,999 | 15 | 10.3% |
| $60,000 to $69,999 | 5 | 3.4% |
| $70,000 to $79,999 | 10 | 6.9% |
| $80,000 to $89,999 | 10 | 6.9% |
| $90,000 to $99,999 | 5 | 3.4% |
| $100,000 to $124,999 | 15 | 10.3% |
| $125,000 to $149,999 | 20 | 13.8% |
| $150,000 to $199,999 | 25 | 17.2% |
| $200,000 and over | 20 | 13.8% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$6,786
Principal and interest
Calculated estimate
$6,244
Property tax
Calculated estimate
$392/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,349,900
Down payment
Calculated estimate
$269,980 (20%)
Estimated mortgage
Calculated estimate
$1,079,920
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$6,786
/mo
Rate
%
Amortization
Principal and interest
$6,244
Property tax (est.)
$392
P&I
Tax
Down payment
$269,980 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker

This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $269,980 down (20%) on $1,349,900, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
At 6.1126 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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
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.