435 5th St, Courtenay, BC V9N 1J7
435 5th St, Courtenay, BC V9N 1J7
435 5th St, Courtenay, BC V9N 1J7
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Jason Anson

Jason Anson

+1(250) 252-7653
Listing by Corey Zaal eXp Realty (CX)
$889,900
Est. payment /mo
3,550 SqFt
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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 false

Garage No

Building

Lot Description Level, Serviced, Shopping Nearby

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Municipal

Others

Ownership Freehold

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Jason Anson
Jason Anson

Agent | License ID: 188385

+1(250) 252-7653 | sold@jasonanson.ca

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435 5th St

This page highlights a For Sale Listing, giving you a closer look at property details while also connecting you to the broader real estate market on Vancouver Island. Every listing is part of a larger story shaped by neighbourhood activity and regional demand. I have lived on Vancouver Island for more than 30 years and know how communities change over time. In my professional work I focus on proving actual market value with market movement data, helping both buyers and sellers see where a property fits in today’s market. Use these guides to explore regional areas and compare this listing with the wider housing story of the island at Living on Vancouver Island.