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 2.5 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. (id:44393)
| MLS® Number | 1032955 |
| Property Type | Single Family |
| Neigbourhood | Courtenay City |
| Features | Central Location, Other |
| Parking Space Total | 6 |
| Plan | Vip7986 |
| Bathroom Total | 3 |
| Bedrooms Total | 3 |
| Architectural Style | Other |
| Constructed Date | 1924 |
| Cooling Type | Air Conditioned, None |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Forced Air, Heat Pump |
| Size Interior | 3,302 Ft2 |
| Type | Triplex |
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 5227 |
| Size Total | 5227 Sqft |
| Size Total Text | 5227 Sqft |
| Zoning Description | C-1 |
| Zoning Type | Residential/commercial |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 6 ft | 12 ft | 6 ft x 12 ft |
| Second Level | Laundry Room | 9 ft | 12 ft | 9 ft x 12 ft |
| Second Level | Bathroom | 5 ft | 9 ft | 5 ft x 9 ft |
| Second Level | Bedroom | 13 ft | 13 ft | 13 ft x 13 ft |
| Second Level | Bedroom | 10 ft | 12 ft | 10 ft x 12 ft |
| Main Level | Kitchen | 6 ft | 9 ft | 6 ft x 9 ft |
| Main Level | Bathroom | 7 ft | 10 ft | 7 ft x 10 ft |
| Main Level | Other | 35 ft | 40 ft | 35 ft x 40 ft |
| Main Level | Living Room/dining Room | 12 ft | 15 ft | 12 ft x 15 ft |
| Main Level | Kitchen | 12 ft | 9 ft | 12 ft x 9 ft |
| Main Level | Bathroom | 11 ft | 7 ft | 11 ft x 7 ft |
| Main Level | Bedroom | 11 ft | 11 ft | 11 ft x 11 ft |
https://www.realtor.ca/real-estate/29644618/560-4th-st-courtenay-courtenay-city
Contact us for more information
Josef Zelko
Personal Real Estate Corporation
(833) 817-6506
(866) 253-9200
www.exprealty.ca/
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