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New buildInvestment signal

$749,900

A 1051 4th St

Beds

Baths

Sqft

—

Year

2026

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

This premier fourplex townhouse complex is tucked in the quiet residential heart of West Orchard, just a short walk to Downtown Courtenay, Puntledge Elementary School, and swimming at the Puntledge River. The Scandinavian-inspired design blends seamlessly into this established family friendly neighbourhood of single family homes, with each of the 4 units offering privacy and modern comfort. Top quality features throughout include stainless steel Smeg appliances with an induction stove, quartz counters, durable laminate and tile floors, 9' ceilings, heat pump, and HardiBoard siding on the exterior, all built to Step 3 energy efficiency and solar panel ready. The oversized windows capture some mountain views and illuminate the living areas. The 600 sq ft crawl space with 5'11'' height, accessed by interior stairs, feels more like a basement - great for bike storage or a workshop. Topping off this package is superior sound proofing and solid core interior doors throughout. Take advantage of this pre-sale opportunity to own one of the premier units in the fourplex and even choose your colour scheme. GST applies, unless qualifying for an exemption as a first time buyer. Custom crafted by local and reputable Perspective Design Build. Explore each unit's unique features and learn more at https://courtenayorchardheights.ca. (id:65958)

Subtype: Single Family
Structure: Row / Townhouse
Community: West Orchard Heights
Common interest: Condo/Strata
Living area: 1,280 square feet
Parking: 1 total
Condo/HOA fee: $0 monthly
On market: Apr 7, 2026
Status changed: Apr 16, 2026
Annual tax: $0
Zoning: Multi-Family
Photos: 20
MLS#: 1031106
Area: COURTENAY

Features and systems

Parking

Stall

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Heat PumpForced air

Cooling

Central air conditioning

Lot

Central locationOther

Community

Family OrientedPets Allowed With Restrictions

View

Mountain view

Negative cash flow ~$1,479/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.83%

Cap rate

3.52%

GRM

16.7

Break-even rent

$5,307

Financing

Down payment$149,980

Loan amount$599,920

Mortgage$3,680/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$344

Insurance$80

Maintenance$625

CapEx reserve$312

Vacancy loss$188

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Courtenay. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,680/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.