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Investment signal

$4,340,000

1252 9th St

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Beds

—

Baths

—

Sqft

—

Year

1966

Type

Multi-family

Suite

Investment signal

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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

FOR SALE! 1252 9th St is a 21-unit apartment building on the corner of 9th Street and Willemar Avenue with immediate access to 5th Street and the Courtenay downtown core. The impressive suite composition includes fouteen (14) large three-bedroom units, six (6) two bedroom units and one studio suite. Built in 1966 the Willow Arms Apartments offers spacious balconies/patios for each suite, on-site parking, tenant lockers, coin-operated laundry, heat and hot water included in the rent, and proximity to shopping, transit infrastructure and other local amenities. Moreover, the building is in a state of excellent repair and modernization thanks to very good property management. Upon tenant turnover, suites are renovated and modernized. (see photos in the Information Package in supplements). The location is close to downtown but far enough away to offer a quiet residential environment. Download and read the Information Package to learn more about this attractive investment opportunity. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Courtenay City
Common interest: Freehold
Lot size: 0.53 acres
Lot dimensions: 0.53
Parking: 19 total
On market: Mar 10, 2026
Status changed: Apr 22, 2026
Annual tax: $22,238
Zoning: Unknown
Photos: 18
MLS#: 1026708
Area: COURTENAY

Features and systems

Heating

Baseboard heatersOilHot Water

Cooling

None

Lot

Central locationLevel lotCorner SitePartially clearedOther

View

City view

Security

Sprinkler System-FireFire alarm system

Negative cash flow ~$4,471/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.18%

Cap rate

3.63%

GRM

16.7

Break-even rent

$26,407

Financing

Down payment$868,000

Loan amount$3,472,000

Mortgage$17,592/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,989

Insurance$80

Maintenance$3,617

CapEx reserve$1,808

Vacancy loss$1,085

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

Estimated $17,592/mo at 4.5% with 20% down, 30-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 22, 2026.