1120 1st St, Courtenay, BC, V9N 1A9

$949,900

MLS® # 1021866

Investment For Sale In Courtenay, British Columbia

$949,900

Property Information:

Fantastic investment opportunity near downtown Courtenay, just steps from Puntledge River Park and great schools! This well-maintained triplex features 3 renovated and upgraded units plus a new roof, offering excellent long-term value. The upper 2-bedroom suite is currently rented for $2,100/month, the lower 1-bedroom suite is rented for $1,800/month, and the second 2-bedroom suite is vacant with an estimated market rent of $2,200/month. Tenants pay their own utilities, and all units have separate hydro meters. Property highlights include communal laundry, shared storage, a fenced yard with vehicle access, a storage shed, and ample parking. Zoned R-SSMUH, allowing up to four units per lot—making this a prime cash-flowing investment or live-in opportunity on a beautiful lot across from the park and river, and walking distance to downtown shops, restaurants, and breweries. Ask for the full feature sheet with complete renovation details!

Property Features:

  • Bedrooms: 5
  • Bathrooms: 3
  • Annual Tax Amount: $4,669
  • Basement: Crawl Space
  • Built in: 1964
  • Construction Materials: Frame Wood, Insulation All
  • Cooling: None
  • Floor Space (approx): 2425 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Laundry Features: Common Area
  • Lot Features: Family-Oriented Neighbourhood, Recreation Nearby, Shopping Nearby, Southern Exposure
  • Lot Frontage: 7405.2 Square Feet
  • Lot Size: 7405.20 Square Feet
  • Ownership: Freehold
  • Parking Features: Driveway, Open
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type: Triplex
  • Road Surface Type: Paved
  • Roof: Asphalt Torch On
  • Water Source: Municipal
  • Zoning: R-SSMUH
  • Zoning Description: Other
  • Sewer:
  • No. of Parking Spaces: 4

Rooms:

  • Bedroom Other level :Lower 3.66 m x 3.15 m
  • Laundry Other level :Lower 3.53 m x 3.02 m
  • Kitchen Other level :Lower 4.32 m x 2.95 m
  • Living Other level :Lower 4.29 m x 3.25 m
  • Bathroom Other level :Lower
  • Kitchen Main Level 4.17 m x 3.66 m
  • Bathroom Main Level
  • Bedroom Main Level 3.71 m x 3.15 m
  • Living Main Level 4.83 m x 3.25 m
  • Living Main Level 4.06 m x 3.40 m

Courtesy of: RE/MAX Ocean Pacific Realty (Crtny)

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.

Additional Photos