435 5th St, Courtenay BC V9N 1J7
$889,900
00
435 5th St, Courtenay BC V9N 1J7 - Mixed Use for Sale in Courtenay, BC
This 0 bedroom, 0 bathroom mixed use is listed for sale at $889,900 in Courtenay, British Columbia. Lot size: 4,356 sq ft (0.10 acres).MLS® #1033662.
Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained 3,300+ sq ft commercial building offers three established tenants generating $51,240 annually plus NNN. Triple net leases provide investors with predictable income as tenants cover taxes, insurance, and maintenance, a huge advantage when comparing this investment to residential rentals where unexpected costs can quickly reduce returns.
Two tenants have operated here for over 20 years, offering exceptional long term stability. The newest tenant secured their space after competing in a multiple offer to lease this highly sought after storefront location. Surrounded by high traffic businesses like Bigfoot Donuts, Hot Chocolates, and Scotia Bank, the property benefits from excellent exposure, nearby parking, two private parking stalls, individual heat pumps for each unit, and built in lease increases for reliable future growth and long term security.
Please don't disturb the existing tenants.
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$889,900
For Sale
1 / 4
435 5th St, Courtenay BC V9N 1J7
Courtenay, BC V9N 1J7
MLS® #1033662
eXp Realty (CX)
0beds
0baths
Property Details
Property Type
Mixed Use
Lot Size
4,356 sq ft(0.10 acres)
Bedrooms
0
Bathrooms
0
Area
Comox Valley
Neighborhood
Courtenay City
MLS® Number
#1033662
5th St Market Report
View comprehensive market analysis for 5th St including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View 5th St Market ReportDescription
Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained 3,300+ sq ft commercial building offers three established tenants generating $51,240 annually plus NNN. Triple net leases provide investors with predictable income as tenants cover taxes, insurance, and maintenance, a huge advantage when comparing this investment to residential rentals where unexpected costs can quickly reduce returns.
Two tenants have operated here for over 20 years, offering exceptional long term stability. The newest tenant secured their space after competing in a multiple offer to lease this highly sought after storefront location. Surrounded by high traffic businesses like Bigfoot Donuts, Hot Chocolates, and Scotia Bank, the property benefits from excellent exposure, nearby parking, two private parking stalls, individual heat pumps for each unit, and built in lease increases for reliable future growth and long term security.
Please don't disturb the existing tenants.
Listing History
Members Only
Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Location & Community
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Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$5,950
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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Property Location
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