- ©MLS 1034903
- Area 3302 sq ft
- Bedrooms 6
- Bathrooms 4
- Parkings 6
Description
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. (id:48970) Show More
Details
- Constructed Date: 1999
- Property Type: Single Family
- Type: Triplex
- Access Type: Road access
- Architectural Style: Other
- Neighbourhood: Courtenay City
Features
- Central location
- Air Conditioned
- Baseboard heaters
- Forced air
- Heat Pump
Rooms Details For 560 4th St
| Type | Level | Dimension |
|---|---|---|
| Kitchen | Second level | 6 ft x 12 ft |
| Laundry room | Second level | 9 ft x 12 ft |
| Bathroom | Second level | 5 ft x 9 ft |
| Bedroom | Second level | 13 ft x 13 ft |
| Bedroom | Second level | 10 ft x 12 ft |
| Bedroom | Lower level | 11 ft x 10 ft |
| Bedroom | Main level | 11 ft x 8 ft |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | 16 ft x 14 ft |
| Kitchen | Main level | 6 ft x 9 ft |
| Bathroom | Main level | 7 ft x 10 ft |
| Other | Main level | 35 ft x 40 ft |
| Living room/Dining room | Main level | 12 ft x 15 ft |
| Kitchen | Main level | 12 ft x 9 ft |
| Bathroom | Main level | 11 ft x 7 ft |
| Bedroom | Main level | 11 ft x 11 ft |
Location
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Data provided by: Vancouver Island Real Estate Board