- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1023506
- Photos (13)
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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
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- CV Courtenay City, Comox Valley
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,098 sq. ft.
- Taxes:
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- Building Features:
- Shopping Nearby, Transit Nearby, Visual Exposure
- Construction:
- Frame Wood
- Ceiling Heights:
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- Total Building Area:
- 1,042 sq. ft.
- Leasable Area:
- 1,042 sq. ft.
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected, Sewer To Lot
- Fireplace:
- No
- Pending Date:
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- Sign: Allowed, Wheelchair Access
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Lot Site Features:
- Level
- Parking Features:
- On Site
- Total Parking Spaces:
- 4
- Total Units:
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- Date Listed:
- Jan 16, 2026
- Original Price:
- 649900.0
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drone footage at potential view height of future development
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drone footage at potential view height of future development
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Listed by Royal LePage-Comox Valley (CV)
Data was last updated January 19, 2026 at 08:05 AM (UTC)
Area Statistics
- Listings on market:
- 26
- Avg list price:
- $1,472,000
- Min list price:
- $35,000
- Max list price:
- $17,000,000
- Avg days on market:
- 92
- Min days on market:
- 3
- Max days on market:
- 559
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.
- JOANNE MILLAR
- ROYAL LEPAGE ADVANCE REALTY
- 1 (250) 202-7253
- joannemillar@royallepage.ca
972 Shoppers Row
Campbell River, BC V9W 2C5
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