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.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
CV Courtenay City, Comox Valley
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
6,098 sq. ft.567 m2
Taxes:
$6,855 /
2025
Building Features:
Shopping Nearby, Transit Nearby, Visual Exposure
Construction:
Frame Wood
Total Building Area:
1,042 sq. ft.96.8 m2
Leasable Area:
1,042 sq. ft.96.8 m2
Commercial Area:
Downtown
Water supply:
Municipal
Sewer:
Sewer Connected, Sewer To Lot
Fireplace:
No
Sign: Allowed, Wheelchair Access
Main Level
0
Yes
No
Unrestricted
Financing Notes:
3.5% on the 1st 100k 1.5% on the balance with 1st physical intro or 25% of the sell side.
Assessed:
362400.0
Assessment year:
2026
Jurisdiction name:
City of Courtenay
Legal Description:
LOT 6, PLAN VIP4906, SECTION 61, COMOX LAND DISTRICT
Zoning:
C1
Occupancy:
Owner
Lot Site Features:
Level
Parking Features:
On Site
Total Parking Spaces:
4
Total Units:
1
Date Listed:
Jan 16, 2026
Original Price:
649900.0
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drone footage at potential view height of future development
drone footage at potential view height of future development
Data was last updated January 17, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$1,269,000
Min list price:
$35,000
Max list price:
$17,000,000
Avg days on market:
93
Min days on market:
1
Max days on market:
557
These statistics are generated based on the current listing's property type
and located in
CV Courtenay City. Average values are
derived using median calculations. This data is not produced by the MLS® system.
