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

$1,150,000

MLS® # 1034903

Investment For Sale In Courtenay, British Columbia

$1,150,000

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

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.

Additional Photos