560 4TH STREET
Vancouver Island · V9N1H2
$1,150,000
About this residence
PRIME INVESTMENT OPPORTUNITY! Turn-key downtown Courtenay triplex generating $81,000 annual gross income with strong tenant history and minimal ongoing maintenance. Excellent cap rate with upside, based on anticipated lower property taxes. Fully permitted renovations with significant capital improvements including a brand new roof (2024) and newly constructed 3 bed/2 bath unit (2025) with heat pump and modern finishes. All three units offer in-suite laundry and are separately metered. Property is fully tenanted with large paved parking area, laneway access, and excellent walkability to shops, services, and transit. A stabilized asset with reliable income and future upside through rent optimization and expense reduction. A strong fit for investors focused on dependable cash flow with the ability to optimize returns over time. Attractive to both local and out-of-area buyers looking for a well-positioned asset in a high-demand rental market. Also perfect for multi-generational living. (id:61366)
Property details
- Property type
- Single Family
- Style
- Triplex
- Ownership
- Freehold
- Bedrooms
- 6
- Bathrooms
- 4
- Living area
- 3,302 sq ft
- Lot size
- 5227
- Parking
- 6 spaces
- Year built
- 1999
- Annual tax
- $7,473
- MLS®
- 1034903
- Board
- Vancouver Island
- Status
- Active
- Listed
- May 13, 2026
- Updated
- May 13, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 11 × 8 feet |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | 16 × 14 feet |
| Bedroom | Lower level | 11 × 10 feet |
| Kitchen | Second level | 6 × 12 feet |
| Kitchen | Main level | 6 × 9 feet |
| Bathroom | Main level | 7 × 10 feet |
| Laundry room | Second level | 9 × 12 feet |
| Bathroom | Second level | 5 × 9 feet |
| Bedroom | Second level | 13 × 13 feet |
| Bedroom | Second level | 10 × 12 feet |
| Other | Main level | 35 × 40 feet |
| Living room/Dining room | Main level | 12 × 15 feet |
| Kitchen | Main level | 12 × 9 feet |
| Bathroom | Main level | 11 × 7 feet |
| Bedroom | Main level | 11 × 11 feet |
Features & finishes
Heating
- Forced air
- Baseboard heaters
- Heat Pump
- Electric
Cooling
- Air Conditioned
Lot
- Central location
- Other
Architecture
- Other
Financing
Estimated monthly payment
$5,378/mo
Loan amount
$920,000
Down payment
$230,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Nearby
About the area
Census · V9N- 32,956
- Population
- 49
- Median age
- $74,000
- Median income
- $600,000
- Median home value
- 73%
- Home ownership
- 19 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 560 4TH STREET?
560 4TH STREET is listed for $1,150,000, in Vancouver Island.
How many bedrooms and bathrooms does 560 4TH STREET have?
It offers 6 bedrooms and 4 bathrooms.
What type of home is 560 4TH STREET?
560 4TH STREET is a Single Family, Triplex, built in 1999.
How large is 560 4TH STREET?
The home offers approximately 3,302 sq ft of living space on a lot measuring 5227.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $5,378. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $7,473 per year.
Is there parking?
Yes — 560 4TH STREET includes 6 parking spaces.
What is the Vancouver Island area like?
Vancouver Island has a population of about 32,956, a median age of 49, a 73% home-ownership rate, with an average commute of about 19 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $74,000.
Private viewings
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