Property description for 560 4Th St, Courtenay, BC V9N 1H2

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.

QUICK OVERVIEW

Built in 1999
$348 / Sq Ft
6 parking spaces
Air Conditioning,None
Baseboard, Electric, Forced Air, Heat Pump
25 Days on website
0.12 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Josef Zelko

Listing Office Exp Realty (na), 833-817-6506

Updated Saturday, June 6, 2026 at 11:51:34 PM

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. https://reciprocity.vireb.com/

NEIGHBOURHOOD

About the Courtenay Neighbourhood

Courtenay offers a relaxed environment. Most areas in Courtenay are especially quiet, as there are usually low levels of noise from traffic.

Learn more about Courtenay

Daycares

At least one daycare within a very short walk

Groceries

Wide variety of groceries within a few minutes' walk

Pedestrian friendly

All day-to-day needs are within a few minutes' walk

Cafes

Wide variety of cafés within a few minutes’ walk

Quiet

Very few sources of noise nearby

CLIMATE RISK FOR V9N 1H2

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 560 4Th St, Courtenay, BC V9N 1H2

$5,221

Monthly

Estimated Payment

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560 4TH ST, COURTENAY, BC V9N 1H2