560 4th St is a 6 bed, 4 bath Triplex listed at $1,150,000 in Courtenay City, Courtenay. Built in 1999. 3,302 sqft of living space. 62 days on market. Listed by eXp Realty (NA). MLS® 1034903.
$1,150,000 · Triplex · 6 bed · 4 bath · 3,302 sqft · MLS® 1034903
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.
Courtenay real estate & homes for sale Courtenay is the heart of the Comox Valley, offering a mix of city convenience and small-town warmth. Explore Courtenay real estate to find modern condos, family homes, and waterfront properties. Courtena...
View listings in Courtenay City