560 4th St
Courtenay
V9N 1H2
$1,150,000
Residential
beds: 3
baths: 3.0
3,302 sq. ft.
built: 1924
- Status:
- Active
- Prop. Type:
- Residential
- 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.
- Property Type:
- Residential
- Type:
- Triplex
- Year built:
- 1924 (Age: 102)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 3,302 sq. ft.
- Main Building Living Area:
- 2,088 sq. ft.
- Listing General Location:
- CV Courtenay City, Comox Valley
- Bedrooms:
- 3
- Bathrooms:
- 3.0 (Full:-/Half:-)
- Lot Size:
- 5,227 sq. ft.
- Lot Details:
- 49x112
- Kitchens:
- 3
- Home Style:
- Conversion
- Taxes:
- Signup
- Construction:
- Block, Concrete, Insulation All
- New Construction:
- No
- Basement:
- None
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Total Building Area:
- 3,302 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 3
- # Main Level Bedrooms:
- 1
- # Second Level Bedrooms:
- 2
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 1
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 2
- # Second Level Kitchens:
- 1
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 2,088 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 1,214 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In Unit
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- Air Conditioning, None
- Heating:
- Baseboard, Electric, Forced Air, Heat Pump
- Fireplace:
- No
- Warranty:
- No
- Pending Date:
- Signup
- Balcony, Fencing: Partial, Wheelchair Access
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Bed and Breakfast:
- Potential
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 2
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Updated/Remodeled
- Exposure / Faces:
- North
- Layout:
- Main Level Entry with Upper Level(s)
- Lot Site Features:
- Central Location, Easy Access, Shopping Nearby
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Additional Parking, Driveway
- Total Parking Spaces:
- 6
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Apr 22, 2026
- Original Price:
- 1150000.0
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Listed by eXp Realty (NA)
Data was last updated April 23, 2026 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 158
- Avg list price:
- $652,900
- Min list price:
- $38,000
- Max list price:
- $7,500,000
- Avg days on market:
- 38
- Min days on market:
- 1
- Max days on market:
- 615
- Avg price per sq.ft.:
- $435.96
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.
- Philippa Berg
- eXp Realty (CT)
- Cel: (250) 897-2032
- Philippa@PhilippaBerg.ca
eXp Realty (CT)
Location
1001C Lewis Ave
Courtenay, BC, V9N 5R4