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Choose a REALTOR®
Listing REALTOR®
Corey Zaal, REALTOR<sup>®</sup>

Corey Zaal

REALTOR®

eXp Realty (CX)

Choose a REALTOR®
Listing REALTOR®
Corey Zaal, REALTOR<sup>®</sup>

Corey Zaal

REALTOR®

eXp Realty (CX)

Commercial property for sale

435 5th St, Courtenay

$889,900 or
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Commercial property for sale in Courtenay, 435 5th St, 1033662 | Realtylink.org
Commercial property for sale in Courtenay, 435 5th St, 1033662 | Realtylink.org Commercial property for sale in Courtenay, 435 5th St, 1033662 | Realtylink.org
$889,900 or

Commercial property for sale

435 5th St, Courtenay

consumersite-GeographicArea3.courtenay

Features

Lifestyle
1033662 889900 /en/commercial-property~for-sale~courtenay/1033662 /en/commercial-property~for-sale~courtenay/1033662/photos 49.6904200000 -125.0007500000 true
Floor Area
3,550 sqft
Lot Size
4,540 sqft
Gross Property Tax
$14,416 /year
Zoning
C1
Amenities
Awning(s), Display Window, Sign: Allowed, Storefront, High Traffic Area, Parking, Shopping Nearby, Transit Nearby, Visual Exposure
Additional Features
Level, Serviced, Shopping Nearby
83

Description

Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained commercial building offers over 3,300 sq ft of prime retail space with three established tenants in place, generating $51,240 in annual income plus NNN. For investors, the advantage of triple net leases is clear, tenants cover operating costs such as taxes, insurance, and maintenance, creating a far more predictable and hands off investment compared to residential rentals where unexpected expenses can quickly impact returns. Two of the tenants have successfully operated here for over 20 years, providing outstanding long term stability, while the newest tenant secured their space after competing in a multiple offer for this highly sought after storefront location. Strong demand for Downtown Courtenay retail frontage continues to highlight the value of this asset. Located in one of the most vibrant commercial corridors on Vancouver Island, this property benefits from excellent foot traffic, strong neighbouring businesses including Bigfoot Donuts, Hot Chocolates, and BMO, plus additional nearby parking that makes access convenient for customers and staff alike. The thriving downtown business community continues to attract both locals and visitors year round. The building is in great condition with pride of ownership evident throughout, including individual heat pumps for all three units and the added bonus of two private parking stalls, an increasingly rare feature downtown. Predictable lease escalations are already built into the existing agreements, offering reliable income growth and long term security for the next owner. Please don't disturb the existing tenants.
MLS® Number 1033662
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Listing REALTOR®

Corey Zaal, REALTOR<sup>®</sup>

Corey Zaal

REALTOR®
+1 250-331-1768

eXp Realty (CX)

Location

In accordance with our Terms of Use, location data are provided to you “as-is”, without warranty. Any liability arising from location data is expressly excluded.
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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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