Fantastic investment opportunity near downtown Courtenay, just steps from Puntledge River Park and great schools! This well-maintained triplex features three renovated and upgraded units plus a new roof, offering excellent long-term value.
The upper 2-bedroom suite is currently rented for $2,100/month, the lower 1-bedroom suite is rented for $1,800/month, and the second 2-bedroom suite is vacant with an estimated market rent of $2,200/month. Tenants pay their own utilities, and all units have separate hydro meters.
Property highlights include communal laundry, shared storage, a fenced yard with vehicle access, a storage shed, and ample parking. Zoned R-SSMUH, allowing up to four units per lot—making this a prime cash-flowing investment or live-in opportunity on a beautiful lot across from the park and river, and walking distance to downtown shops, restaurants, and breweries.
Ask for the full feature sheet with complete renovation details!
Address
1120 1st St
List Price
$949,900
Property Type
Residential
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Comox Valley
Sub-Area
CV Courtenay City
Bedrooms
5
Bathrooms
3
Floor Area
2,425 Sq. Ft.
Lot Size
7405.2 Sq. Ft.
Lot Size (Acres)
0.17 Ac.
Year Built
1964
MLS® Number
1021866
Listing Brokerage
RE/MAX Ocean Pacific Realty (Crtny)
Basement Area
Crawl Space
Postal Code
V9N 1A9
Tax Amount
$4,669.00
Tax Year
2025
Features
Baseboard, Electric, Mixed
Amenities
Family-Oriented Neighbourhood, Recreation Nearby, Shopping Nearby, Southern Exposure
