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Royal LePage
Royal LePage
$24,000,000

397 5th St, Courtenay, BC, V9N 1J9

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MLS® # 986348

Property Information:

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 Features:

  • Annual Tax Amount: $100,000
  • Building Features: Shopping Nearby
  • Exterior Features: Balcony, Balcony/Deck, Balcony/Patio
  • Floor Space (approx): 23670 Square Feet
  • Flooring: Carpet, Vinyl
  • Heating: Baseboard, Electric, Heat Pump
  • Lot Frontage: 13455 Square Feet
  • Lot Size: 13455.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Frontage Type: Lane
  • Zoning: C-1
  • No. of Parking Spaces: 26

Courtesy of: Macdonald Commercial Real Estate Services Ltd

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.

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Location of 397 5th St, Courtenay, BC, V9N 1J9

Demographic Information of 397 5th St, Courtenay, BC, V9N 1J9

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$90,336.03

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.21 %

High school certificate or equivalent

32.83 %

Apprenticeship trade certificate/diploma

8.79 %

College/non-university certificate

21.9 %

University certificate (below bachelor)

0.97 %

University Degree

22.3 %

Commuter

Travel To Work

By Car

71.52 %

By Public Transit

0.0 %

By Walking

17.49 %

By Bicycle

3.99 %

By Other Methods

7.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

35.03 %

Houses

64.97 %

Own Vs. Rent

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