
Triplex For Sale
$1,150,000
MLS® Number: 1034903
Bedrooms
6
Bathrooms
4
Floor Area
3,302
Land Size
5,227
Year Built
1999
Triplex For Sale
$1,150,000
Bedrooms
6
Bathrooms
4
Floor Area
3,302
Land Size
5,227
Year Built
1999
560 4th St, Courtenay, British Columbia
About This Property
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.
Property Details
Interior Details
Bathrooms Total
4
Bedrooms Total
6
Cooling
None, Air Conditioned
Heating
Heat Pump, Baseboard heaters, Forced air, Electric
Living Area
3302 sqft
Building & Exterior
Architectural Style
Other
Number Of Units Total
3
Year Built
1999
Land & Location
City Region
Courtenay City
Lot Features
Central location, Other
Lot Size Area
5227.0 sqft
Lot Size Dimensions
5227
Parcel Number
000-321-273
Postal Code
V9N1H2
Listing & Financials
Listing Office
eXp Realty (NA)
Originating System Name
Vancouver Island Real Estate Board
Other Specifications
Common Interest
Freehold
Country
Canada
Parking Total
6
Listed By
eXp Realty (NA)
Mortgage Calculator
Estimated Monthly Payment
$5,650
Principal and interest only. Actual rates may vary.
Mortgage Calculator
Estimated Monthly Payment
$5,650
Principal and interest only. Actual rates may vary.