Type

Mixed Use

Property taxes

$18,880 / year

MLS® Number

1053850

949 Fitzgerald Avenue presents an attractive mixed-use investment opportunity in the heart of downtown Courtenay, offering a 6.5% standardized cap rate at the asking price of $1,260,000. The 3,781 SF C-1 zoned building features two commercial units and a fully renovated 2-bedroom residential suite, providing diversified income and flexibility for investors or owner-users. The commercial spaces offer functional office layouts with reception areas, private offices, meeting space, kitchenettes, and washrooms. The residential suite features vaulted ceilings, an open-concept kitchen and living area, gas fireplace, modern 4-piece bathroom, laundry, and private rear deck with mountain views. The property also includes 9 on-site parking stalls, rear lane access, and abundant street parking. Recent improvements include updated HVAC, new hot water tanks, fencing, and Poly-B remediation.