For sale

C$1,150,000

560 4th St, Courtenay, BC V9N 1H2

6beds

4baths

3,302sqft

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Triplex, Multi Family

Built in 1999

-- sqft lot

$-- Zestimate^®

C$348/sqft

C$-- HOA

What's special

Brand new roofLarge paved parking areaLaneway accessIn-suite laundryModern finishesHeat pump

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.

55 days

16

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Main level bathrooms: 3
Main level bedrooms: 3

Kitchen

Level: Main,Second

Heating

Baseboard, Electric, Forced Air, Heat Pump

Cooling

Air Conditioning, None

Appliances

Laundry: In Unit

Features

Basement: None
Has fireplace: No

Interior area

Total structure area: 3,302
Total interior livable area: 3,302 sqft

Property

Parking

Total spaces: 6
Parking features: Additional Parking, Driveway
Has uncovered spaces: Yes

Accessibility

Accessibility features: Exterior Wheelchair Access

Features

Entry location: Main Level
Exterior features: Balcony
Fencing: Partial

Lot

Size: 5,227 Square Feet
Dimensions: 49x112
Features: Central Location, Easy Access, Shopping Nearby

Details

Parcel number: 000321273
Zoning: C-1
Zoning description: Residential/Commercial

Construction

Type & style

Home type: MultiFamily
Architectural style: Conversion
Property subtype: Triplex, Multi Family
Attached to another structure: Yes

Materials

Block, Concrete, Insulation All
Foundation: Concrete Perimeter
Roof: Asphalt Shingle

Condition

Updated/Remodeled
New construction: No
Year built: 1999

Utilities & green energy

Water: Municipal

Community & HOA

Location

Region: Courtenay

Financial & listing details

Price per square foot: C$348/sqft
Tax assessed value: C$1,142,000
Annual tax amount: C$7,473
Date on market: 5/13/2026
Ownership: Freehold
Road surface type: Paved

Josef Zelko Personal Real Estate Corporation

(778) 773-1174

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