I have sold a property at 457 Cliffe Ave in Courtenay on Jan 31, 2023. See details here
Built in 1935, this quaint Commercial building of 4,328 sf heralds from the Art Deco era and is centrally located in the heart of the shopping district of downtown Courtenay. Main floor is 1927 sqft; upper floor is 2001 sqft basement is 400 sqft. Across from the Sid Williams Theatre, surrounded by pubs, restaurants, and shops with easy access to parking, and beside a laneway. The Southern portion was added in 1950 with a full height basement and gas furnace, with improvements to the whole building over the years. With 6 tenants — 5 commercial (4 long term 9-15 year & mo/mo), 1 residential (short term), showing stable cash flow and minimal common area expenses as a zero lot line building. C-1 zoning is the most comprehensive commercial zoning, allowing many uses. At this high traffic location, always easy to find tenants. Same owners for 30 years. See virtual tour and floor plans.
