$849,900
1185 5th St
Beds
4
Baths
1
Sqft
—
Year
1925
Type
Single Family
Suite
Investment signal
Location 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.
About this home
Step into timeless character & comfort with this beautifully maintained heritage home, nestled on a generous .87-acre lot in a highly sought after neighborhood. This property blends classic charm with modern convenience, offering a peaceful retreat just steps from the heart of town. Inside, you'll find a cozy gas fireplace, perfect for relaxing evenings, and a well cared for interior that reflects pride of ownership throughout. The home also features a large unfinished basement, ideal for future development, plus a workshop and ample storage area perfect for hobbyists or those needing extra space. Families will love the location, with elementary and middle schools just minutes away, and everything else you need within walking distance—including downtown shopping, restaurants, parks, and recreation. Whether you're looking to settle into a piece of history or seeking an incredible investment opportunity, this property offers both charm and potential in a truly unbeatable location. (id:65958)
- Subtype
- Single Family
- Architectural style
- Other
- Structure
- House
- Community
- Courtenay City
- Common interest
- Freehold
- Living area
- 2,355 square feet
- Lot size
- 0.87 acres
- Lot dimensions
- 0.87
- Parking
- 4 total
- Fireplace
- 1
- On market
- Mar 13, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $7,027.02
- Zoning
- Residential
- Photos
- 33
- MLS#
- 1028858
- Area
- COURTENAY
Features and systems
Appliances
Heating
Cooling
Lot
Cash on cash
-6.63%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,239
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Mortgage estimate
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.