397 5th St - Apartments FOR SALE


Courtenay, BC V9N 1J9
$24,000,000 CAD
778-652-2883
397 5th St, Courtenay, BC for Sale
$24,000,000 CAD
Apartments - FOR SALE
1/4
null | 3.54% Cap Rate

397 5th St
Courtenay, BC V9N 1J9


OVERVIEW

A unique opportunity to acquire a brand-new 39-unit rental apartment building with four ground floor commercial units in downtown Courtenay, BC. The property sits on a 13,455 square foot corner lot. The property qualifies for the Courtenay Property Tax Exemption, saving approximately $89,700 annually.

FOR SALE DETAILS

PRICE

$24,000,000 CAD

PRICE/SF

$735 CAD /SF

# OF UNITS

39

PRICE/UNIT

$615,385

CAP RATE

3.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palace Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,624 SF

ZONING

C-1

APN/PARCEL ID

031-245-170

ASK ABOUT THIS PROPERTY

Bob ScraggMacdonald CommercialMore Info
778-652-2883

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Bob ScraggMacdonald CommercialMore Info
778-652-2883

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.