$6,900,000
1480 Arden Rd
Beds
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Baths
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Sqft
—
Year
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Type
Vacant Land
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
This well-located multi-family development opportunity comprises 4 separate residential properties totaling 10 acres within the municipal boundaries of the City of Courtenay on picturesque Vancouver Island. With the province-mandated zoning changes to allow more multi-family opportunities, the timing could not be better. The property is situated in a quiet single- and multi-family residential neighborhood and is within easy walking distance to many schools and downtown Courtenay. The seller has done extensive work on preparing these sites for development. An information package is available. Please contact listing realtor for more details. Timing is ideal for residential development - don't miss this opportunity (id:65958)
- Subtype
- Vacant Land
- Community
- Courtenay City
- Common interest
- Freehold
- Lot size
- 10 acres
- Lot dimensions
- 10
- On market
- Jul 11, 2024
- Status changed
- Apr 29, 2026
- Annual tax
- $18,014
- Zoning
- Unknown
- Photos
- 2
- MLS#
- 970278
- Area
- COURTENAY
Features and systems
Lot
Cash on cash
-6.14%
Cap rate
3.64%
GRM
16.7
Break-even rent
$41,933
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.
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.
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 29, 2026.