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Listed by Jeff Crisp Royal LePage-Comox Valley (CV)
$ 649,900
Est. payment /mo
New
512 5th St Courtenay, BC V9N 1K3
1,042 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,042 sqft
Price per Sqft $623
MLS Listing ID 1023506
HOA Y/N No
Annual Tax Amount $6,855
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Mixed Use
Property Description
Positioned on prime 5th Street frontage in downtown Courtenay, this C1 zoned property presents a compelling opportunity for investors, owner users, or developers. The 1,000+ sqft building offers immediate income with a long term commercial tenant currently on a month to month lease and open to a new multi-year agreement. Recent upgrades include a brand new roof and 200 amp electrical service, supported by four private parking stalls.
As the most centrally located downtown property with both front and back yards, the site benefits from favorable setbacks and zoning that may allow for a four storey mixed-use development. Potential exists for up to 20,000 sqft of commercial and residential space, including a commercial ground floor and residential units above with glacier and ocean views. A rare opportunity to secure income today while unlocking significant redevelopment upside tomorrow.
As the most centrally located downtown property with both front and back yards, the site benefits from favorable setbacks and zoning that may allow for a four storey mixed-use development. Potential exists for up to 20,000 sqft of commercial and residential space, including a commercial ground floor and residential units above with glacier and ocean views. A rare opportunity to secure income today while unlocking significant redevelopment upside tomorrow.
Location
Province BC
County Courtenay, City Of
Community Cv Courtenay City
Area Comox Valley
Zoning C1
Interior
Fireplace No
Exterior
Exterior Feature Sign: Allowed, Wheelchair Access
Parking Features On Site
Garage Spaces 4.0
View Y/N No
Total Parking Spaces 4
Garage No
Building
Lot Description Level
Sewer Sewer Connected, Sewer To Lot
Water Municipal
Others
Ownership Freehold
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