560 4th St, Courtenay BC V9N 1H2

560 4th St, Courtenay BC V9N 1H2 - Triplex for Sale in Courtenay, BC

This 6 bedroom, 4 bathroom triplex is listed for sale at $1,150,000 in Courtenay, British Columbia. The property offers 3302.00 square feet of living space. Built in 1999. Lot size: 5,227 sq ft (0.12 acres).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.

Looking for homes for sale in Courtenay? Browse Courtenay real estate listings,residential properties, and Vancouver Island homes on IslandSold.com. Part of the Comox Valley area.