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Residential

$1,150,000
560 4th St, Courtenay, BC

Address

560 4th St, Courtenay, BC

Price

$1,150,000

Bedrooms

3

Bathrooms

3

Square Feet

3,302

Property Description

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 2.5 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.

Room Details

Bathroom

Level: Main level

Dimensions: 7 ft x 10 ft
Size: 10 ft × 7 ft

Bathroom

Level: Main level

Dimensions: 11 ft x 7 ft
Size: 7 ft × 11 ft

Bedroom

Level: Main level

Dimensions: 11 ft x 11 ft
Size: 11 ft × 11 ft

Kitchen

Level: Main level

Dimensions: 6 ft x 9 ft
Size: 9 ft × 6 ft

Kitchen

Level: Main level

Dimensions: 12 ft x 9 ft
Size: 9 ft × 12 ft

Living room/Dining room

Level: Main level

Dimensions: 12 ft x 15 ft
Size: 15 ft × 12 ft

Other

Level: Main level

Dimensions: 35 ft x 40 ft
Size: 40 ft × 35 ft

Interested in this property?

Contact Scott Parker Personal Real Estate Corporation for more information

(250) 751-1223
scott@scottparker.ca
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Property Details

MLS® Number: 1032955
Property Type: Residential
Property Subtype: Triplex
Status: Active
Lot Size: 0.12 acres
Area: Comox Valley - CV Courtenay City
Annual Tax: $12,922 (2025)
Days on Market: 2 days

Additional Property Details

Building Type: Triplex
Construction Date: 1924
Interior Size: 3302 sqft
Cooling: Air Conditioned, None

Property Features & Amenities

Features: Central location, Other

Parking & Land Details

Parking Spaces: 6
Land Size: 5227 sqft
Land Access: Road access
Acreage: false

Landscape & Property Information

Irregular Land Size: 5227
Ownership Type: Freehold
Transaction Type: For sale

MLS® Number

1032955

Property Photos

Property Location

560 4th St, Courtenay, BC

Listed by eXp Realty (NA)

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