560 4th St, Courtenay, BC V9N 1H2
- $1,150,000
- 6
- BD
- 4
- BA
- 3,302
- SqFt
Courtesy of eXp Realty (NA)
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS®
- 1034903
- Property Type
- Multifamily
- Year Built
- 1999
- Style
- 2 Storey-Main Lev Ent
- Bedrooms
- 6
- Total baths
- 4
- Living Area
- 3,302
- Acres
- 0.12
- Lot Size
- 5,227
- District
- Courtenay
- Neighbourhood
- Cv Courtenay City
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.
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Additional Information
- Layout
- Main Level Entry with Upper Level(s)
- Lot Features
- Central Location, Easy Access, Shopping Nearby
- Heating
- Baseboard, Electric, Forced Air, Heat Pump
- Roof
- Asphalt Shingle
- Parking Spaces
- 6
- Exterior Features
- Balcony, Fencing: Partial, Wheelchair Access
- Parking Type
- Additional Parking, Driveway
- Kitchens
- 3
- Laundry Feature
- In Unit
- Taxes
- $7,473
- Rentals Allowed
- Unrestricted
- Pets Allowed
- Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
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