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512 5th St
CV Courtenay City Courtenay V9N 1K3

$649,900
Commercial Sale

Main Photo: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 1: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 2: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 3: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 4: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 5: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 6: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 7: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 8: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 9: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 10: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 11: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 12: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 13: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1023506
Prime 5th Street frontage in downtown Courtenay (C1 zoning) with excellent owner-user or redevelopment potential. Seller/tenant relocating so vacant possession available on closing. The 1,000+ sqft building has had major recent upgrades including a new roof and upgraded 200A electrical service (documentation available), plus four private parking stalls and both front and rear yard access. Favorable setbacks and zoning support multi-storey mixed-use possibilities (buyer to verify with the City). A rare chance to secure a prime downtown footprint with flexibility for immediate occupancy or longer-term plans.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
CV Courtenay City, Comox Valley
Bathrooms:
- (Full:-/Half:-)
Lot Size:
6,098 sq. ft.
Taxes:
Building Features:
Shopping Nearby, Transit Nearby, Visual Exposure
Construction:
Frame Wood
Ceiling Heights:
Total Building Area:
1,042 sq. ft.
Leasable Area:
1,042 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected, Sewer To Lot
Fireplace:
No
Pending Date:
Sign: Allowed, Wheelchair Access
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Courtenay
Legal Description:
Zoning:
C1
Units in Building:
Units in Community:
Occupancy:
Owner
Lot Site Features:
Level
Parking Features:
On Site
Total Parking Spaces:
4
Total Units:
Date Listed:
Jan 16, 2026
Original Price:
649900.0
  • Photo 1: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 3: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 4: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 5: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 6: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 7: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 8: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 9: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
    drone footage at potential view height of future development
  • Photo 10: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
    drone footage at potential view height of future development
  • Photo 11: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 12: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 13: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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Listed by Royal LePage-Comox Valley (CV)
Data was last updated February 22, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$1,269,000
Min list price:
$35,000
Max list price:
$17,000,000
Avg days on market:
93
Min days on market:
5
Max days on market:
593
These statistics are generated based on the current listing's property type and located in CV Courtenay City. Average values are derived using median calculations. This data is not produced by the MLS® system.
Dean Thompson
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.