560 4th St, Courtenay

$1,150,000

MLS® 1034903

MLS® 1034903 560 4th St, Courtenay, British Columbia $1150000

6 Beds 4 Baths 3302 SqFt

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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:44056)

Property Details

Full Address:: 560 4th St, Courtenay, British Columbia
Price:: $ 1,150,000
MLS Number:: 1034903
List Date:: May 13th, 2026
Neighbourhood:: Courtenay City
Lot Size:: 5227 sq.ft.
Year Built:: 1999
Taxes:: $ 7,473

Interior Features

Bedrooms:: 6
Bathrooms:: 4
Air Conditioning:: None, Air Conditioned
Heating:: Heat Pump, Baseboard heaters, Forced air, Electric

Building Features

Architectural Style:: Other
Zoning:: Residential/Commercial
Garage Spaces:: 6
Ownership Type:: Freehold
Taxes:: $ 7,473

Floors

Finished Area:: 3302 sq.ft.

Land

Lot Size:: 5227 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Josef Zelko eXp Realty (NA)
778-773-1174

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Listing Agent(s)

Listing: Josef Zelko
eXp Realty (NA)

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