1252 9th St, Courtenay, BC V9N 1P4
- $4,340,000
Courtesy of eXp Realty
- List Price
- $4,340,000
- Status
- ACTIVE
- MLS®
- 1026708
- Property Type
- Commercial
- Year Built
- 1966
- Stories
- 3
- Acres
- 0.53
- Lot Size
- 23,130
- District
- Courtenay
- Neighbourhood
- Cv Courtenay City
Property Description
New higher rents as of October 2026 and the potential for further large additions to net income upon tenant turnover all serve to make the Willow Arms a very attractive investment opportunity. Make sure to read the property summary and financials in supplements. Willow Arms is a 21-unit apartment building on the corner of 9th Street and Willemar Avenue with immediate access to 5th Street and the Courtenay downtown core. The impressive suite mix features fourteen large three-bedroom suites, six two-bedroom suites and one studio suite. Built in 1966, the Willow Arms offers spacious balconies/patios for each suite, on-site parking, tenant lockers, coin-operated laundry, heat and hot water included in the rent, and proximity to shopping, transit infrastructure and other local amenities. Moreover, the building is in a state of excellent repair and modernization thanks to very good property management (upon tenant turnover, suites are renovated and modernized). Try your offer!
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Additional Information
- Lot Features
- Central Location, Cleared, Corner Lot, Easy Access, Landscaped, Level, Serviced
- Heating
- Baseboard, Hot Water, Oil
- Flooring
- Carpet, Laminate, Mixed
- Parking Spaces
- 19
- Exterior Features
- Balcony, Balcony/Patio, Sprinkler System
- Parking Type
- On Site
- Taxes
- $22,238
- Rentals Allowed
- Unrestricted
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