$499,000
A 274 5th St
Beds
—
Baths
—
Sqft
1,859
Year
—
Type
Retail
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
Positioned in the heart of Courtenay’s vibrant downtown core, this C-1 zoned commercial property offers a prime investment opportunity in one of the Comox Valley’s most active and walkable business districts. Surrounded by a strong mix of local retailers, professional services, cafés, and restaurants, this location benefits from consistent foot traffic, excellent visibility, and a vibrant year-round community atmosphere driven by both locals and tourism. The 1,859 sqft main floor is currently set up as a retail space, featuring large display windows that maximize exposure along 5th Street, along with 10’3” ceilings and custom built-ins. The space includes change rooms, a lunchroom, storage area, and bathroom—making it highly functional for a range of commercial tenants. A full basement provides additional storage, adding to the overall utility and appeal for businesses. (id:65958)
- Subtype
- Retail
- Structure
- Retail
- Community
- Courtenay City
- Common interest
- Freehold
- On market
- Apr 24, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $9,091.19
- Zoning
- Unknown
- Photos
- 31
- MLS#
- 1033327
- Area
- COURTENAY
Features and systems
Lot
Cash on cash
-6.98%
Cap rate
3.47%
GRM
16.6
Break-even rent
$3,111
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 24, 2026.