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Investment signal

$2,399,999

2390 Barbara Rd

Beds

8

Baths

4

Sqft

Year

2023

About this home

For more information, please click Brochure button. Two homes on 2.0 acres at 2390 & 2386 Barbara Road, Courtenay, BC offer a rare multi-generational or investment opportunity in the highly sought-after Huband area. Built in 2023, this estate features two fully self-contained residences, ideal for extended families, potential rental income, or dual living. Located just steps from Huband Elementary, Seal Bay Park, beaches, and scenic trails, the property blends rural privacy with convenience. The main home at 2390 Barbara Road offers 3,621 sq ft of finished living space plus a 769 sq ft three-bay garage. The main floor includes an open-concept kitchen, dining, and living area with a natural gas fireplace, a primary bedroom with five-piece ensuite and walk-in closet, a den or fifth bedroom, full laundry, pantry, and a four-piece bathroom. The upper floor has three oversized bedrooms (one with ensuite and walk-in), a large recreation room, a three-piece bathroom, and walk-in storage. The home includes a heat pump with air conditioning and quality finishes throughout. The additional carriage home at 2386 Barbara Road provides 1,610 sq ft of living space plus a 326 sq ft garage. The upper level offers 968 sq ft with three bedrooms, one bathroom, and an open kitchen, dining, and living area. The main level, 642 sq ft and wheelchair accessible, includes two bedrooms, one bathroom, and a full kitchen and living space. Additional features include two civic addresses, zoning for possible legal suites, and a six-zone irrigation system. Heating is via an electric heat pump with a natural gas fireplace. Parking includes attached garages and driveway space. This property is perfect for large or multi-family households, investors seeking dual rental income, or anyone looking for a private, move-in-ready estate in a premium location. (id:65958)

Subtype
Single Family
Architectural style
Westcoast
Lot size
2 acres
MLS#
1008878
Area
COURTENAY
Negative cash flow ~$4,559/mo at these assumptions

Cash on cash

-11.40%

Cap rate

3.61%

GRM

16.7

Break-even rent

$16,799

Financing

Down payment$480,000
Loan amount$1,919,999
Mortgage$11,779/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,100
Insurance$80
Maintenance$2,000
CapEx reserve$1,000
Vacancy loss$600

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.

Mortgage estimate

Estimated $11,779/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 16, 2026.

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