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 3 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.
Address
560 4th St
List Price
$1,150,000
Property Type
Residential
Type of Dwelling
Triplex
Style of Home
Conversion
Transaction Type
Sale
Area
Comox Valley
Sub-Area
CV Courtenay City
Bedrooms
6
Bathrooms
4
Floor Area
3,302 Sq. Ft.
Lot Size
5227.2 Sq. Ft.
Lot Size (Acres)
0.12 Ac.
Year Built
1999
MLS® Number
1034903
Listing Brokerage
eXp Realty (NA)
Basement Area
None
Postal Code
V9N 1H2
Tax Amount
$7,473.00
Tax Year
2026
Features
Baseboard, Electric, Forced Air, Heat Pump
Amenities
Balcony, Central Location, Easy Access, Fencing: Partial, Shopping Nearby, Wheelchair Access