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.
Property Details
| Property Type | Residential |
| Property Sub Type | Triplex |
| Listing ID | 1034903 |
| Status | Active |
| City | Courtenay |
| Area | Comox Valley |
| Sub-Area | CV Courtenay City |
| Postal Code | V9N 1H2 |
| Property Taxes | $7,473.00 (2026) |
| Parking Total | 6 |
| Zoning | C-1 |
| Facing | North |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Baseboard,Electric,Forced Air,Heat Pump |
| Cooling | Air Conditioning,None |
| Exterior Features | Balcony,Fencing: Partial,Wheelchair Access |
| Construction | Block,Concrete,Insulation All |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | None |
| Laundry | In Unit |
| Listed Date | May 13, 2026 |
| Ownership | Freehold |
| Lot Size | 0.12 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Bathroom | Main level | 7 ft x 10 ft | |
| Bathroom | Main level | 11 ft x 7 ft | |
| Bedroom | Main level | 11 ft x 8 ft | |
| Bedroom | Main level | 16 ft x 14 ft | |
| Bedroom | Main level | 11 ft x 11 ft | |
| Kitchen | Main level | 6 ft x 9 ft | |
| Kitchen | Main level | 12 ft x 9 ft | |
| Living room/Dining room | Main level | 12 ft x 15 ft | |
| Other | Main level | 35 ft x 40 ft |
Building Details
| Architectural Style | Other |
| Heating | Baseboard heaters, Forced air, Heat Pump |
| Heating Fuel | Electric |
| Stories | -1 |
Additional Information
| Features | Central location, Other |
| Land Size | 5227 sqft |
| Land Access | Road access |
| Building Type | Triplex |
| Interior Size | 3302 sqft |
| Transaction | For sale |