Multi-family for sale
397 5th St, Courtenay
$24,000,000
Features
Floor Area
23,670 sqft
Lot Size
13,455 sqft
Gross Property Tax
$100,000 /year
Zoning
C-1
Amenities
Balcony, Balcony/Deck, Balcony/Patio, Shopping Nearby
Total no. of Units
39
Description
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
MLS® Number 986348