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Investment signal

$849,000

2327 Willemar Ave

Beds

Baths

Sqft

—

Year

1981

Location

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About this home

Rare full duplex opportunity in a convenient location! Each side offers 3 bedrooms and 2 baths, making this a fantastic investment or multi generational living option. Live comfortably in one side while generating income from the other at today's rental rates! One side has just been beautifully refreshed with fresh paint, brand new flooring, light fixtures - move in ready! Ideally situated close to all amenities, including Driftwood Mall, grocery stores, coffee shops, and the theatre, convenience is at your doorstep. Each side enjoys their own large deck and the spacious yard provides plenty of room for kids to play, gardening, relaxing and outdoor enjoyment. Roof was replaced approximately 7 years ago and hot water tanks were done in 2023 & 2025. Whether you're expanding your portfolio or looking for a smart living solution, this versatile property is a rare find you won't want to miss! (id:65958)

Subtype: Single Family
Structure: Duplex
Community: Courtenay City
Common interest: Freehold
Living area: 2,462 square feet
Lot size: 7,405 square feet
Lot dimensions: 7405
Parking: 4 total
On market: Feb 27, 2026
Status changed: Apr 16, 2026
Annual tax: $7,423.56
Zoning: Multi-Family
Photos: 53
MLS#: 1027258
Area: COURTENAY

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersElectric

Cooling

None

Lot

Central locationLevel lotOtherMarine Oriented

Negative cash flow ~$1,660/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.73%

Cap rate

3.54%

GRM

16.6

Break-even rent

$5,997

Financing

Down payment$169,800

Loan amount$679,200

Mortgage$4,167/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$389

Insurance$80

Maintenance$708

CapEx reserve$354

Vacancy loss$213

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 $4,167/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.