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Investment signal

$1,290,000

575 14th St

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Beds

Baths

Sqft

—

Year

1960

Type

Single Family

Suite

Investment signal

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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

Welcome to Belle Aire—an exceptional turnkey 4-plex investment in central Courtenay. Situated on a 0.24-acre lot in a quiet, well-connected neighborhood, this 4,437 sqft property offers strong, consistent income with rare vacancies and long-term upside. Built in 1960 and thoughtfully maintained with ongoing renovations, the building presents as a solid, low-risk asset. Four spacious suites, 975 / 1072 /1078 / 1109 sqft and feature 2 bedrooms plus den. Upper units offer decks, while lower units include patios, enhancing tenant appeal. Additional features include shared laundry, two carports, brick driveways, and stone patios.??Ideally located near transit, downtown, shopping, and recreation, this property attracts stable tenancy and long-term demand. With its large lot size and central location, Belle Aire also offers future development potential, making it a compelling hold with upside. A rare opportunity to secure a well-performing multi-family asset with stability, and growth potential. (id:65958)

Subtype: Single Family
Architectural style: Other
Structure: Fourplex
Community: Courtenay City
Common interest: Freehold
Living area: 4,437 square feet
Lot size: 10,890 square feet
Lot dimensions: 10890
Parking: 6 total
On market: Apr 20, 2026
Status changed: Apr 21, 2026
Annual tax: $5,723
Zoning: Multi-Family
Photos: 21
MLS#: 1032835
Area: COURTENAY

Features and systems

Heating

Natural gas

Cooling

None

Lot

Central locationCurb & gutterLevel lotSouthern exposureCorner SiteOtherRectangular

View

City view

Negative cash flow ~$1,385/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.44%

Cap rate

3.58%

GRM

16.7

Break-even rent

$7,908

Financing

Down payment$258,000

Loan amount$1,032,000

Mortgage$5,229/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$591

Insurance$80

Maintenance$1,075

CapEx reserve$538

Vacancy loss$323

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

Estimated $5,229/mo at 4.5% with 20% down, 30-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 21, 2026.