560 4th St, Courtenay, BC V9N1H2
560 4th St, Courtenay, BC V9N1H2
560 4th St, Courtenay, BC V9N1H2
560 4th St, Courtenay, BC V9N1H2
560 4th St, Courtenay, BC V9N1H2
560 4th St, Courtenay, BC V9N1H2
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Riccardo Manazza

Riccardo Manazza

+1(236) 457-4230
$ 1,150,000
Est. payment | /mo

6 Beds

4 Baths

3,302 SqFt

Save
$ 1,150,000
Est. payment | /mo
Save

6 Beds

4 Baths

3,302 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3302

Square Footage 3,302 sqft

Price per Sqft $348

Subdivision Courtenay City

MLS® Listing ID 1034903

Style Other

Bedrooms 6

Year Built 1999

Lot Size 5,227 Sqft

Acres 5227.0

Property Sub-Type Freehold

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. (id:24570)

Location

Province BC

Zoning Residential/Commercial

Rooms

Kitchen 3.0

Extra Room 1 Second level 6 ft X 12 ft Kitchen

Extra Room 2 Second level 9 ft X 12 ft Laundry room

Extra Room 3 Second level 5 ft X 9 ft Bathroom

Extra Room 4 Second level 13 ft X 13 ft Bedroom

Extra Room 5 Second level 10 ft X 12 ft Bedroom

Extra Room 6 Lower level 11 ft X 10 ft Bedroom

Interior

Heating Baseboard heaters, Forced air, Heat Pump,

Cooling Air Conditioned, None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage No

Private Pool No

Building

Architectural Style Other

Others

Ownership Freehold

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Listed by eXp Realty (NA)

Nearby Locations

Riccardo Manazza

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(236) 457-4230

riccardo.manazza@exprealty.com

645 Main st., CAN

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560 4th St