Unbeatable downtown Courtenay location with exceptional flexibility and potential! This 3,781 sqft C-1 zoned building features 2 commercial and 1 residential units, 9 on site parking stalls, rear lane access, and abundant street parking. The primary commercial space offers an accessible entrance, bright reception area, 6 private offices, and a spacious meeting room with a cozy gas fireplace. The second unit, with both front and rear access, includes a functional layout with reception, 2 offices, a kitchenette, and a washroom. Upstairs, you'll find a fully renovated 2 bedroom apartment with vaulted ceilings, a gas fireplace, modern open concept kitchen and living area, a stylish 4 piece bath, laundry, and a private back deck with peaceful mountain views. Recent updates include new fencing, updated HVAC, new hot water tanks and Poly-B remediation. A rare opportunity to invest, live, and work in a high visibility, high demand area with solid income potential and excellent versatility.