About 397 5th St
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
Features of 397 5th St
MLS® # | 986348 |
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Price | $24,000,000 |
Square Footage | 23,670 |
Acres | 0.31 |
Type | Commercial Sale |
Sub-Type | Multi Family |
Status | Active |
Community Information
Address | 397 5th St |
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Area | CV Courtenay City |
City | Courtenay |
County | Courtenay, City of |
Province | BC |
Postal Code | V9N 1J9 |
Amenities
Parking Spaces | 26 |
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Is Waterfront | No |
Has Pool | No |
Interior
Heating | Baseboard, Electric, Heat Pump |
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Fireplace | No |
Exterior
Exterior Features | Balcony, Balcony/Deck, Balcony/Patio |
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Additional Information
Date Listed | January 31st, 2025 |
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Days on Market | 7 |
Zoning | C-1 |
Listing Details
Office | Macdonald Commercial Real Estate Services Ltd |
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