Multiple opportunities for this .88 acre development property in prime Courtenay core location. Property is within current development node that has multiple new multi-family and apartment blocks under construction or already built. Across Ryan Road from Superstore power centre and located on bus routes and walking distance to schools, North Island College and Aquatic Centre this parcel Is perfect for the next multi-family or rental apartment site. Currently leased at $5000/month ($60,000/year) with excellent tenants (1 year lease, February 1 st, 2023-February 1st, 2024). Listing agent has geotech and architectural plans on file as well as pre-application for re-zoning with the City. This property fits within the City of Courtenay's revised 2021 OCP and vision for densification in these areas.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Assignment of Lease
Listing General Location:
CV Courtenay East, Comox Valley
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0.88 acre(s)0.356 hectare(s)
New Construction:
No
Leasable Area:
2,582 sq. ft.239.876 m2
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Mountain(s)
Located behind RCMP station
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Courtenay
Zoning:
C-2A
Legal Non-Conformance:
No
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Utilities:
Underground Utilities
Lot Site Features:
Central Location, Easy Access, Serviced, Shopping Nearby
Listed by Derek Costantino
of Royal LePage-Comox Valley (CV)
Data was last updated November 30, 2023 at 04:05 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$825,000
Min list price:
$100,000
Max list price:
$8,000,000
Avg days on market:
98
Min days on market:
9
Max days on market:
505
These statistics are generated based on the current listing's property type
and located in
Comox Valley. Average values are
derived using median calculations.
