Main Photo: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Photo 1: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Photo 2: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Photo 3: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Photo 4: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
Status:
Sold
Prop. Type:
Commercial Sale
MLS® Num:
1033662
Sold Date:
Aug 04, 2026
Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained 3,300+ sq ft commercial building offers three established tenants generating $51,240 annually plus NNN. Triple net leases provide investors with predictable income as tenants cover taxes, insurance, and maintenance, a huge advantage when comparing this investment to residential rentals where unexpected costs can quickly reduce returns. Two tenants have operated here for over 20 years, offering exceptional long term stability. The newest tenant secured their space after competing in a multiple offer to lease this highly sought after storefront location. Surrounded by high traffic businesses like Bigfoot Donuts, Hot Chocolates, and Scotia Bank, the property benefits from excellent exposure, nearby parking, two private parking stalls, individual heat pumps for each unit, and built in lease increases for reliable future growth and long term security. Please don't disturb the existing tenants.
Price:
$865,000
Property Type:
Commercial Sale
MLS® Num:
1033662
Status:
Sold
  • Photo 1: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
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  • Photo 2: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
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  • Photo 3: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
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  • Photo 4: 435 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1033662
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Data was last updated August 18, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$1,055,000
Min list price:
$49,900
Max list price:
$7,500,000
Avg days on market:
135
Min days on market:
20
Max days on market:
770
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.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.