560 4th St, COURTENAY

2026-05-14
 

Quick Summary

Location
560 4th St, COURTENAY, British Columbia V9N1H2
Price
$1,150,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
3302 sqft
Bedrooms:
6
Bathrooms:
4
Garages:
6
Year of Construction:
1999

MLS®#1034903

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 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. (id:32467)

Property Features

Building

  • Architectural Style: Other
  • Cooling Type: Air Conditioned, None
  • Fireplace: No
  • Interior Size: 3302 sqft
  • Building Type: Triplex

Features

  • Feature: Central location, Other

Land

  • Land Size: 5227 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: C-1

Information entered by eXp Realty (NA)
Listing information last updated on: 2026-05-13 15:33:11


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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same. Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.

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