INESTMENT IN TRIPLEX WITH 5% NET CAP RATE. NEW ROOF, RECENT UPGRADES. Commercial/residential property in downtown Courtenay. Large C-1 zoned building that has 1414 sq.ft main level 2 bdrm PLUS 3RD BDRM/DEN, 2 bath, brand new DELUXE suite to be rented at $2,800/mth. A second 1214 sq ft 2 bdrm 1 bath suite reno'd in 2018 is upstairs i(rented at $2350/month) with separate entrance, in-suite laundry and private deck. At the front of the property is a 674 Sq ft 1 bed/1 bath suite with in-suite laundry (rented at $1750/month). 5 Parking spaces in the rear and additional parking in the front. It has a clean concrete crawl space for ease of access to mechanical, plumbing etc. This would be an excellent investment/holding property as well as an opportunity to live within walking distance of the town centre.
Data was last updated April 2, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$799,900
Min list price:
$50,000
Max list price:
$23,500,000
Avg days on market:
86
Min days on market:
5
Max days on market:
314
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.