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Listed by Corey Zaal eXp Realty (CX)
$889,900
Est. payment /mo
3,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $250
MLS Listing ID 1033662
HOA Y/N No
Annual Tax Amount $14,416
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Mixed Use
Property Description
Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained 3,300+ sq ft commercial building offers three established tenants generating $51,240 annually plus NNN. Triple net leases provide investors with predictable income as tenants cover taxes, insurance, and maintenance, a huge advantage when comparing this investment to residential rentals where unexpected costs can quickly reduce returns. Two tenants have operated here for over 20 years, offering exceptional long term stability. The newest tenant secured their space after competing in a multiple offer to lease this highly sought after storefront location. Surrounded by high traffic businesses like Bigfoot Donuts, Hot Chocolates, and Scotia Bank, the property benefits from excellent exposure, nearby parking, two private parking stalls, individual heat pumps for each unit, and built in lease increases for reliable future growth and long term security.
Location
Province BC
County Courtenay, City Of
Community Cv Courtenay City
Area Comox Valley
Zoning C1
Interior
Heating Heat Pump
Cooling Air Conditioning, HVAC
Inclusions Real Estate
Fireplace No
Exterior
Exterior Feature Awning(s), Display Window, Sign: Allowed, Storefront
Parking Features On Site
View Y/N No
Garage No
Building
Lot Description Level, Serviced, Shopping Nearby
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Ownership Freehold
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Nearby Locations
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