$889,900
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435 5Th St, Courtenay, BC V9N1J7

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Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained commercial building offers over 3, 300 sq ft of prime retail space with three established tenants in place, generating $51, 240 in annual income plus NNN. For investors, the advantage of triple net leases is clear, tenants cover operating costs such as taxes, insurance, and maintenance, creating a far more predictable and hands off investment compared to residential rentals where unexpected expenses can quickly impact returns. Two of the tenants have successfully operated here for over 20 years, providing outstanding long term stability, while the newest tenant secured their space after competing in a multiple offer for this highly sought after storefront location. Strong demand for Downtown Courtenay retail frontage continues to highlight the value of this asset. Located in one of the most vibrant commercial corridors on Vancouver Island, this property benefits from excellent foot traffic, strong neighbouring businesses including Bigfoot Donuts, Hot Chocolates, and BMO, plus additional nearby parking that makes access convenient for customers and staff alike. The thriving downtown business community continues to attract both locals and visitors year round. The building is in great condition with pride of ownership evident throughout, including individual heat pumps for all three units and the added bonus of two private parking stalls, an increasingly rare feature downtown. Predictable lease escalations are already built into the existing agreements, offering reliable income growth and long term security for the next owner. Please don't disturb the existing tenants. (id:58753)

Listing By: Corey Zaal - eXp Realty (CX) cncrea2 Realty.com
  • MLS® 1033662
  • Date Listed04/28/2026
  • Days on Realty 40 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 4,540 sq. ft

Interior Features

  • Cooling Fully air conditioned, Air Conditioned
  • Heating Heat Pump

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 4,540.00
  • Lot Features Level lot, Other

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9N1J7

Discover key demographics, population statistics, and environmental insights for the Courtenay, BC area.

Walkability in BC / V9N1J7

Source: Walk Score

82/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

72/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 18/100, Transit Score: 0/100, Bike Score: 38/100.

Points of Interest near 435 5th St, Courtenay, BC V9N1J7

Frequently Asked Questions for 435 5th St

Source: Realty.com

435 5th St, Courtenay, BC V9N1J7 in Courtenay, BC V9N1J7 is a mixed use listed at $889,900. Realty.ca has 4 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 4 photos of 435 5th St.

The full address for this home is 435 5th St, Courtenay, BC V9N1J7.

435 5th St has been listed on Realty.com since Tue April 28, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 18/100, Transit Score: 0/100, Bike Score: 38/100.

Listing provided courtesy of: eXp Realty (CX)
Listing agent: Corey Zaal

This content last refreshed on 2026-06-07 10:01:36. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.