560 4th St, Courtenay, BC V9N 1H2
560 4th St, Courtenay, BC V9N 1H2
560 4th St, Courtenay, BC V9N 1H2
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Office RE/MAX Generation

Office RE/MAX Generation

+1(250) 294-6683
Listing by Josef Zelko eXp Realty (NA)
$1,150,000
Est. payment /mo
6 Beds
4 Baths
3,302 SqFt
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UPDATED:

Key Details

Property Type Residential

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,302 sqft

Price per Sqft $348

MLS Listing ID 1034903

Style Main Level Entry with Upper Level(s)

Bedrooms 6

Three Quarter Bath 2

HOA Y/N No

Year Built 1999

Annual Tax Amount $7,473

Tax Year 2026

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Triplex

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.

Location

Province BC

County Comox Valley Regional District

Community Cv Courtenay City

Area Comox Valley

Zoning C-1

Rooms

Kitchen 3

Interior

Heating Baseboard, Electric, Forced Air, Heat Pump

Cooling Air Conditioning, None

Fireplace No

Laundry In Unit

Exterior

Exterior Feature Balcony, Fencing: Partial, Wheelchair Access

Parking Features Additional Parking, Driveway

Garage Spaces 6.0

View Y/N false

Roof Type Asphalt Shingle

Street Surface Paved

Total Parking Spaces 6

Garage No

Building

Lot Description Central Location, Easy Access, Shopping Nearby

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Municipal

Architectural Style Conversion

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Restrictions ALR: No,None

Ownership Freehold

Special Listing Condition Updated/Remodeled

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