No photos available
Investment signal

$669,900

A 2500 1st St

Beds

3

Baths

3

Sqft

Year

1994

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

Welcome to this beautifully updated duplex in the heart of the sought-after Puntledge Park neighbourhood—just a short stroll to the river, local schools, and the scenic Ruth Masters Greenway. Offering 1,659 sq ft of thoughtfully designed living space, this 3-bedroom, 2.5-bath home blends comfort and modern style with everyday functionality. The main level has been opened up to create a bright, airy layout, complemented by extensive updates throughout that give the home a fresh, move-in-ready feel. The kitchen has been tastefully updated with quartz countertops, updated cabinetry, and a clean, modern aesthetic. Enjoy a sunny, south-facing backyard that fills the home with natural light and provides the perfect outdoor space for relaxing or entertaining. Significant upgrades over the past few years—including triple pane windows, a ductless heat pump, poly-b replacement, improved insulation, and extensive electrical improvements—offer peace of mind and energy efficiency for years to come. Complete with a single-car garage, crawl space for additional storage, and a private outdoor area with a new shed, this home checks all the boxes. Whether you're looking to get into the market, downsize without compromise, or invest in a prime Courtenay location, this property offers exceptional value in one of the Valley’s most loved neighbourhoods. (id:65958)

Subtype
Single Family
Structure
Duplex
Community
Courtenay City
Common interest
Freehold
Living area
1,659 square feet
Lot size
1,742 square feet
Lot dimensions
1742
Parking
3 total
Fireplace
1
On market
Apr 14, 2026
Status changed
Apr 18, 2026
Annual tax
$4,654
Zoning
Residential
Photos
43
MLS#
1031689
Area
COURTENAY

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Baseboard heatersElectric

Cooling

See Remarks

Lot

Level lotOther
Negative cash flow ~$1,330/mo at these assumptions

Cash on cash

-11.91%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,750

Financing

Down payment$133,980
Loan amount$535,920
Mortgage$3,288/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$307
Insurance$80
Maintenance$558
CapEx reserve$279
Vacancy loss$168

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 $3,288/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 18, 2026.

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