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435 5th St
CV Courtenay City Courtenay V9N 1J7

$889,900
Commercial Sale

Main Photo: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Photo 1: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Photo 2: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Photo 3: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Photo 4: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1033662
Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained 3,300+ sq ft commercial building offers three established tenants generating $51,240 annually plus NNN. Triple net leases provide investors with predictable income as tenants cover taxes, insurance, and maintenance, a huge advantage when comparing this investment to residential rentals where unexpected costs can quickly reduce returns. Two tenants have operated here for over 20 years, offering exceptional long term stability. The newest tenant secured their space after competing in a multiple offer to lease this highly sought after storefront location. Surrounded by high traffic businesses like Bigfoot Donuts, Hot Chocolates, and Scotia Bank, the property benefits from excellent exposure, nearby parking, two private parking stalls, individual heat pumps for each unit, and built in lease increases for reliable future growth and long term security. Please don't disturb the existing tenants.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
CV Courtenay City, Comox Valley
Bathrooms:
- (Full:-/Half:-)
Lot Size:
4,540 sq. ft.
Lot Details:
44 x 103
Taxes:
Building Features:
High Traffic Area, Parking, Shopping Nearby, Transit Nearby, Visual Exposure
Construction:
Stucco
Foundation:
Concrete Perimeter
Ceiling Heights:
Total Building Area:
3,550 sq. ft.
Leasable Area:
3,300 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning, HVAC
Heating:
Heat Pump
Fireplace:
No
Pending Date:
Real Estate
Awning(s), Display Window, Sign: Allowed, Storefront
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:
Tenant
Lot Site Features:
Level, Serviced, Shopping Nearby
Parking Features:
On Site
Total Parking Spaces:
0
Total Units:
Date Listed:
Apr 27, 2026
Original Price:
889900.0
  • Photo 1: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
    Photo 1 of 4
  • Photo 2: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
    Photo 2 of 4
  • Photo 3: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
    Photo 3 of 4
  • Photo 4: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
    Photo 4 of 4
Listed by eXp Realty (CX)
Data was last updated May 6, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$807,450
Min list price:
$99,000
Max list price:
$7,500,000
Avg days on market:
68
Min days on market:
2
Max days on market:
666
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.