+30 more
5
Bedrooms
4
Bathrooms
3,302 sqft
Living Area
5,227 sqft
Lot
1924
Year Built
About This Property
This 5-bedroom, 4-bathroom single family in Courtenay offers 3,302 sqft of living area on a 5,227 sqft lot. Built in 1924. The property has lot dimensions of 5227, zoned Residential/Commercial. The home features heat pump, baseboard heaters, forced air, electric heating, air conditioned.
MLS Remarks
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 2.5 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:60351)
Overview
Property Typeresidential
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