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397 5th St in Courtenay: CV Courtenay City Multi Family for sale (Comox Valley) : MLS®# 986348

397 5th St Courtenay V9N 1J9 : CV Courtenay City

Main Photo: 397 5th St in Courtenay: CV Courtenay City Multi Family for sale (Comox Valley)  : MLS®# 986348
$23,500,000
Prop. Type:
Commercial Sale
MLS® Num:
986348
Status:
Active
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:
Existing Lease Expiry:
Listing General Location:
CV Courtenay City, Comox Valley
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure13,455 sq. ft.
Taxes:
Building Features:
Shopping Nearby
Ceiling Heights:
Switch units of measure
Floor finish:
Carpet, Vinyl
Total Building Area:
Switch units of measure23,670 sq. ft.
Commercial Area:
Heating:
Baseboard, Electric, Heat Pump
Fireplace:
No
Pending Date:
Balcony, Balcony/Deck, Balcony/Patio
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Courtenay
Legal Description:
Zoning:
C-1
Units in Building:
Units in Community:
Occupancy:
Tenant
Parking Features:
On Site
Total Parking Spaces:
26
Road Frontage Type:
Lane
Total Units:
Date Listed:
Jan 31, 2025
Original Price:
2.4E7
Listed by Macdonald Commercial Real Estate Services Ltd
Data was last updated July 16, 2025 at 10:05 PM (UTC)
KEVIN REID
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Kevin Reid

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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.