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560 4th St
Courtenay
V9N 1H2
$1,150,000
Single Family
beds: 3
baths: 3.0
3,302 sq. ft.
built: 1924
- Status:
- Active
- Prop. Type:
- Single Family
- MLS® Num:
- 1032955
- Bedrooms:
- 3
- Bathrooms:
- 3
- Year Built:
- 1924
- Photos (35)
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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:2493)
- Property Type:
- Single Family
- Common Interest:
- Freehold
- Property Attached:
- Yes
- Total Living Area:
- 3,302 sq. ft.
- Zoning:
- Residential/Commercial, C-1
- Taxes:
- $12,922 / -
- Community:
- Courtenay City
- Structure Type:
- Triplex
- Home Style:
- Other
- Bedrooms:
- 3
- Bathrooms:
- 3.0
- Cooling:
- None, Air Conditioned
- Fireplace:
- No
- Heating:
- Heat Pump, Baseboard heaters, Forced air, Electric
- Lot Size:
- 5,227 sq. ft.
- Lot Details:
- 5227
- Lot Features:
- Central location, Other
- Total Parking Spaces:
- 6
- Floor
- Type
- Size
- Other
- Main level
- Kitchen
- 9' × 6'
- -
- Main level
- Other
- 40' × 35'
- -
- Main level
- Living room/Dining room
- 15' × 12'
- -
- Main level
- Kitchen
- 12' × 9'
- -
- Main level
- Bedroom
- 11' × 11'
- -
- Second level
- Kitchen
- 12' × 6'
- -
- Second level
- Laundry room
- 12' × 9'
- -
- Second level
- Bedroom
- 13' × 13'
- -
- Second level
- Bedroom
- 12' × 10'
- -
- Floor
- Ensuite
- Pieces
- Other
- Main level
- No
- -
- 7' x 10'
- Main level
- No
- -
- 11' x 7'
- Second level
- No
- -
- 5' x 9'
-
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Listed by eXp Realty (NA)
Data was last updated April 27, 2026 at 08:15 AM (UTC)
Area Statistics
- Listings on market:
- 118
- Avg list price:
- $386,500
- Min list price:
- $38,000
- Max list price:
- $2,299,000
- Avg days on market:
- 26
- Min days on market:
- 2
- Max days on market:
- 369
- Avg price per sq.ft.:
- $419.95
These statistics are generated based on the current listing's property type
and located in
Courtenay City. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- BRIAN PEDERSEN
- Realty One Real-Estate LTD.
- 1 (250) 7176004
- Contact by Email
Brian Pedersen PREC*
Office Address:
1332 Water Street
Kelowna, BC, V1Y 9P3