For Sale: 560 4th Street, Courtenay, BC - REW
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$1,150,000
6 bd • 4 ba • 3302 sf • Triplex
560 4th Street
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$1,150,000
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560 4th StreetCourtenay, BC, V9N 1H2

Courtenay City
  • 6 Bed
  • 4 Bath
  • 3302 Sqft
  • Triplex

About this home

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.
Listed by: Josef Zelko PREC*, eXp Realty (NA)

Home facts and features

Price details
List Price
$1,150,000
Get Pre-Approved
Gross Taxes for 2026
$7,473
Home facts
Bedrooms
6
Full Bathrooms
4
Parking Spaces
6
Parking Details
Additional, Driveway
Property Type
Triplex
Lot Size
5228 ft²
Frontage
49 feet
Year Built
Built in 1999 (27 yrs old)
Title
Freehold
Style
Main Level Entry with Upper Level(s)
Exterior Finish
Block,Concrete,Insulation All
Heating Type
Baseboard, Electric, Forced Air, Heat Pump
Cooling
Air Conditioning,
Features
Central Location, Easy Access
Amenities
Shopping Nearby
Community
Agent details
Primary Agent
Primary Broker
eXp Realty (NA)
Listing details
Days on REW
23 Days
Property Views
117
MLS® Number
1034903
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Ecole Puntledge Park Elementary
  • Public
  • K - 7
  • In Catchment
Lake Trail Middle School
  • Public
  • 7 - 9
Georges P Vanier Secondary School
  • Public
  • 8 - 12
Saltwater School
  • Independent
  • K - 7
Queneesh School
  • Public
  • Pre-K - 7
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Call Agent
Josef Zelko PREC*
Phone:
(778) 773-1174
Cell:
778-773-1174
Office:
833-817-6506
Fax:
866-253-9200
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