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$1,150,000
British Columbia,Courtenay
For Sale Active
560 4th St, Courtenay, British Columbia V9N1H2
  • 3
  • 3
  • 3,302 Sqft
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Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1032955
  • Price: $1,150,000
  • Bedrooms: 3
  • Bathrooms: 3
  • Square Footage: 3,302 Sqft
  • Year Built: 1924
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Single Family
  • Office Key: 284509
Features & Appliances
Features
  • Heating System: Heat Pump, Electric, Forced air, Baseboard heaters
  • Cooling System: None, Air Conditioned
  • Architectural Style: Other
Address Map
  • Location: CA, British Columbia, Courtenay, V9N1H2
  • Street: 4th
  • Street Number: 560
  • Street Suffix: Street
  • Longitude: W126° 59' 47.6''
  • Latitude: N49° 41' 23.9''
  • Zoning: Residential/Commercial
Additional Information
  • Lot Features:
  • Lot Size Dimensions: 5227
  • Number Of Units Total: 3
Financial
  • Tax Annual Amount: 12922
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Listing updated: 2026-04-23 23:06:10
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Listing Information
  • List Agent Key: 2184657
  • List Office Key: 284509
  • Modification Timestamp: 2026-04-23T03:21:01Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-04-23T02:53:08Z
Powered by REALTOR.ca
Listing updated: 2026-04-23 23:06:10
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