property for sale vancouver island
397 5th St
CV Courtenay City
Courtenay
V9N 1J9
$24,000,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 986348
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Opportunity to purchase a, 2024-built, four-storey rental building in Downtown Courtenay. The building is comprised of 39 residential rental units and 4 ground floor commercial units. Parking is provided with 26 total underground parking stalls. 22 regular, 1 accessible, 3 small. 4 ground level stalls, including 2 x electric vehicle stations. 2 are assumed for commercial use. The exterior is designed and insulated to meet Step 3 of the B.C. building energy code. The property sits on a 13,455 square foot corner lot. The property qualifies for the Courtenay Property Tax Exemption, saving approximately $89,700 annually
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- CV Courtenay City, Comox Valley
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 13,455 sq. ft.1,250 m2
- Taxes:
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- Building Features:
- Shopping Nearby
- Ceiling Heights:
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- Floor finish:
- Carpet, Vinyl
- Total Building Area:
- 23,670 sq. ft.2,199 m2
- Commercial Area:
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- Heating:
- Baseboard, Electric, Heat Pump
- Fireplace:
- No
- Pending Date:
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- Balcony, Balcony/Deck, Balcony/Patio
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Parking Features:
- On Site
- Total Parking Spaces:
- 26
- Road Frontage Type:
- Lane
- Total Units:
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- Date Listed:
- Jan 31, 2025
- Original Price:
- 2.4E7
Larger map options:
Listed by Macdonald Commercial Real Estate Services Ltd
Data was last updated February 22, 2025 at 08:05 AM (UTC)
Area Statistics
- Listings on market:
- 25
- Avg list price:
- $699,900
- Min list price:
- $149,900
- Max list price:
- $24,000,000
- Avg days on market:
- 114
- Min days on market:
- 11
- Max days on market:
- 338
These statistics are generated based on the current listing's property type
and located in
CV Courtenay City. Average values are
derived using median calculations.
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.