1480 Arden Rd
Courtenay, BC V9N9J7
$6,900,000
Property Details
Property & Lot
- Lot size
- 10 acres
- Zoning
- Unknown
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $18,014
Interior
- Fireplace
- None
Listing Information
- MLS®
- 970278
- Listed
- July 11, 2024
- Time on market
- On the market for 781 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Coast Capital Realty · Data source: CREA DDF.
Description
This well-located multi-family development opportunity comprises 4 separate residential properties totaling 10 acres within the municipal boundaries of the City of Courtenay on picturesque Vancouver Island. With the province-mandated zoning changes to allow more multi-family opportunities, the timing could not be better. The property is situated in a quiet single- and multi-family residential neighborhood and is within easy walking distance to many schools and downtown Courtenay. The seller has done extensive work on preparing these sites for development. An information package is available. Please contact listing realtor for more details. Timing is ideal for residential development - don't miss this opportunity (id:63159)
Location Insights
Weather
16°C
Mostly Cloudy
Humidity 72%
Wind W 4 km/h
Tonight
13°
Tuesday
20°
Tuesday night
16°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
28,420
(2021 Census)
+10.8% since 2016
Density: 876.6/km²
Dwellings: 13,414
Median household income: $72,000
After-tax: $65,500
Immigrant population: 13.6%
Top countries of origin (% of total population)
- United Kingdom3.9% · 1,105
- United States of America1.3% · 370
- Germany1.1% · 300
- Philippines1% · 290
- Viet Nam0.6% · 160
- India0.5% · 130
- Korea, South0.4% · 110
- Netherlands0.4% · 100
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Arden Elementary | Elementary | 711 m |
| Lake Trail Community | Middle | 889 m |
| Ecole Puntledge Park Elementary | Elementary | 1.2 km |
| Courtenay Elementary | Elementary | 1.5 km |
| Nala'atsi Alternate Program | Secondary | 1.6 km |
| Georges P. Vanier Secondary | Secondary | 3.9 km |
| Glacier View Secondary Centre | K-12 | 4.0 km |
| Valley View Elementary | Elementary | 5.0 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Parks (2)
- Krebs Park · 1533 Krebs Crescent377 m
- Cumberland & 20th Park599 m
Nearby places data: © OpenStreetMap contributors.
School district: Comox Valley (SD71)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,380,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.