Property Information:

PRIME INVESTMENT OPPORTUNITY! Turn-key downtown Courtenay triplex generating $81,000 annual gross income with strong tenant history and minimal ongoing maintenance. Excellent cap rate with upside, based on anticipated lower property taxes. Fully permitted renovations with significant capital improvements including a brand new roof (2024) and newly constructed 3 bed/2 bath unit (2025) with heat pump and modern finishes. All three units offer in-suite laundry and are separately metered. Property is fully tenanted with large paved parking area, laneway access, and excellent walkability to shops, services, and transit. A stabilized asset with reliable income and future upside through rent optimization and expense reduction. A strong fit for investors focused on dependable cash flow with the ability to optimize returns over time. Attractive to both local and out-of-area buyers looking for a well-positioned asset in a high-demand rental market. Also perfect for multi-generational living.

Property Features:

Bedrooms: 6
Bathrooms: 4
Annual Tax Amount: $7,473
Architectural Style: Conversion
Basement: None
Built in: 1999
Construction Materials: Block, Concrete, Insulation All
Cooling: Air Conditioning, None
Exterior Features: Balcony, Fencing: Partial, Wheelchair Access
Floor Space (approx): 3302 Square Feet
Foundation Details: Concrete Perimeter
Heating: Baseboard, Electric, Forced Air, Heat Pump
Laundry Features: In Unit
Lot Features: Central Location, Easy Access, Shopping Nearby
Lot Frontage: 5227.2 Square Feet
Lot Size: 5227.20 Square Feet
Ownership: Freehold
Parking Features: Additional Parking, Driveway
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Property Condition: Updated/Remodeled
Property Sub Type: Triplex
Road Surface Type: Paved
Roof: Asphalt Shingle
Water Source: Municipal
Zoning: C-1
Zoning Description: Residential/Commercial
Sewer:
No. of Parking Spaces: 6

Rooms:

Bedroom Main Level 3.35 m x 3.35 m
Kitchen Main Level 1.83 m x 2.74 m
Bathroom Main Level 2.13 m x 3.05 m
Bedroom Main Level 4.88 m x 4.27 m
Kitchen Main Level 3.66 m x 2.74 m
Bathroom Main Level
Bedroom Main Level 3.35 m x 2.44 m
Other Main Level 10.67 m x 12.19 m
Bathroom Main Level 3.35 m x 2.13 m
Other Main Level 3.66 m x 4.57 m Note: Dining/Living Combo
Bedroom Other level :Lower 3.35 m x 3.05 m
Laundry 2nd Level 2.74 m x 3.66 m
Bathroom 2nd Level 1.52 m x 2.74 m
Bedroom 2nd Level 3.96 m x 3.96 m
Bedroom 2nd Level 3.05 m x 3.66 m
Kitchen 2nd Level 1.83 m x 3.66 m

Convert Measurement to:

Courtesy of: eXp Realty (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Demographic Information of 560 4th St, Courtenay, BC, V9N 1H2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$95,105.76

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.28 %

High school certificate or equivalent

30.76 %

Apprenticeship trade certificate/diploma

9.49 %

College/non-university certificate

21.67 %

University certificate (below bachelor)

0.93 %

University Degree

22.87 %

Commuter

Travel To Work

By Car

74.9 %

By Public Transit

0.0 %

By Walking

15.75 %

By Bicycle

4.33 %

By Other Methods

5.02 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.01 %

Houses

69.99 %

560 4th St, Courtenay, BC, V9N 1H2