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Featured exterior photo of 560 4th St, Courtenay, BC
2 days on market
Just Listed
Residential
560 4th St, Courtenay, BC
$1,150,000
6 Beds 4 Baths 3,302 sqft Built 1999
560 4th St, Courtenay, BC
Residential · Triplex · Courtenay, BC
$1,150,000 MLS® 1034903
6Beds
4Baths
3,302Sq Ft
1999Built
0.12Acres

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.

Bathroom
Main level
4-Piece
Bathroom
Main level
7 ft x 10 ft
Bathroom
Main level
11 ft x 7 ft
Bedroom
Main level
11 ft x 8 ft
Bedroom
Main level
16 ft x 14 ft
Bedroom
Main level
11 ft x 11 ft
Kitchen
Main level
6 ft x 9 ft
Kitchen
Main level
12 ft x 9 ft
Living room/Dining room
Main level
12 ft x 15 ft
Other
Main level
35 ft x 40 ft
Photo Gallery  · 34 photos
Property Location
560 4th St, Courtenay, BC
Listed by eXp Realty (NA)

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