560 4th St$1,150,000
- Bed 6
- Bath 4
- SQ.FT 3302.00
- Garage 6
$ 348.27 / sq ft
Property Description
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
- Property ID:31228222
- Price:$1,150,000
- Property Type:Residential
- Bedrooms:6
- Bathrooms:4
- Lot Size:5227.20 sq ft
- Living Area:3302.00 sq ft
- Year Built:1999
- Parking:6 spaces
- Status:Active
- City:Courtenay
- State/Province:BC
- Postal Code:V9N 1H2
- Listing Agent:Josef Zelko
- Office:eXp Realty (NA)
Condition
- 3 Bedrooms
- 2 Bathroom
- 1 Garage
- 1 Balcony
- 4800 sq ft
- TV
Features
- Air conditioning
- Wifi
- Swimming Pool
- Double Bed
- Balcony
- Telephone
- Garage
- Parking
- TV
- Home Theater
- Alarm
- Garage
- Gym
- Electric Range
- Private space
Floor Plans
| Size | Rooms | Bathrooms |
| 1600 | 3 | 2 |
Property Vedio
Property Location
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