Property Type: FourplexOwnership: FreeholdNEW LISTING

504 17th St

Courtenay, BC V9N1Y8

$1,200,000

8 bed4 bath5 parking3,552 sqftBuilt 1959
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Property Details

Property & Lot

Sub-type
Fourplex
Lot size
8,668 square feet
Zoning
Other

Ownership & Fees

Property type
Fourplex
Ownership
Freehold
Annual property tax
$6,239.89

Interior

Heating
Baseboard heaters
Cooling / A/C
None
Fireplace
None

Exterior & Lot

Lot features
Central location, Corner Site, Other, Rectangular

Building

Parcel ID (PID)
004-851-684

Parking

Total spaces
5 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
StorageMain level
Laundry roomMain level
Living roomSecond level
Living roomSecond level
Living roomMain level
Living roomMain level
KitchenSecond level9'10 x 10'10
KitchenSecond level9'10 x 10'10
BathroomSecond level4-Piece
BathroomSecond level4-Piece
BedroomSecond level9'10 x 9'10
BedroomSecond level9'10 x 9'10
Primary BedroomSecond level9'10 x 11'6
Primary BedroomSecond level9'10 x 11'6
BathroomMain level4-Piece
BathroomMain level4-Piece
KitchenMain level9'10 x 10'10
KitchenMain level9'10 x 10'10
Primary BedroomMain level9'10 x 11'6
BedroomMain level9'10 x 9'10
Primary BedroomMain level9'10 x 11'6
BedroomMain level9'10 x 9'10

Listing Information

MLS®
1048156
Listed
August 28, 2026
Time on market
On the market for 3 days
Data last synced
August 29, 2026

Listing provided by: Royal LePage-Comox Valley (CV) · Data source: CREA DDF.

Description

Rare 4 plex investment opportunity! Own an iconic landmark building in the heart of the city with four established income streams from day one. This fully tenanted fourplex offers solid cinderblock construction, an unbeatable central location and numerous valuable upgrades. Two suites have been updated, along with updated windows and plumbing, 100 amp electrical service to each unit, plus recent perimeter drain and sewer line improvements. Coin operated laundry provides additional convenience and income potential, while a separate workshop room adds valuable useable space. Steps from shopping, restaurants, parks, transit and downtown amenities, this recognizable property offers strong tenant appeal and excellent long term potential. A unique opportunity to add a well located, income producing property to your investment portfolio. (id:63159)

Values & Trends

This listing

$338/sqft

Building average

No other active listings in this building

Courtenay City average

$420/sqft

15 active listing(s)

Parking: 5 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Mostly Cloudy

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

56

7/9 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

SchoolTypeDistance
Nala'atsi Alternate ProgramSecondary238 m
Courtenay ElementaryElementary401 m
Lake Trail CommunityMiddle1.3 km
Ecole Puntledge Park ElementaryElementary1.6 km
Glacier View Secondary CentreK-122.5 km
Arden ElementaryElementary2.5 km
Georges P. Vanier SecondarySecondary3.0 km
Valley View ElementaryElementary3.2 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

Restaurants (5+)

  • Browns SocialHouse205 m
  • Locals Restaurant at the Old House · 1760 Riverside Lane422 m
  • Westerly Family Restaurant437 m
  • Javier's Latin Cuisine477 m
  • Seh-Mi Restaurant · 1320 Cliffe Avenue554 m

Cafes (5+)

  • Been Around The World Café · 2104 Cliffe Avenue612 m
  • Unnamed · 102A 20th Street625 m
  • Coffee Love Bug · 980 Cumberland Road732 m
  • Rhodos Coffee Roasting Company768 m
  • Airpark Beachwood Café799 m

Grocery (1)

  • Thrifty Foods · 1551 Cliffe Avenue321 m

Parks (5+)

  • Maple Park132 m
  • Cooper Park304 m
  • Standard Park488 m
  • Courtenay Marina Park575 m
  • Dogwood Park577 m

Gyms (4)

  • Team Goblins Brazilian JiuJitsu464 m
  • Rasa477 m
  • Academy of Martial Arts495 m
  • Wild+United Athletics · 445 10th Street703 m

Pharmacies (3)

  • Rexall · 1604 Cliffe Avenue366 m
  • Living Room Pharmacy429 m
  • Shoppers Drug Mart · 310 8th Street755 m

Banks & ATMs (1)

  • First Credit Union · 1599 Cliffe Avenue200 m

Nearby places data: © OpenStreetMap contributors.

School district: Comox Valley (SD71)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($95,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$960,000.00
Periodic payment — Principal & Interest (monthly)$6,193.59
Additional monthly expenses (strata, tax, utilities, etc.)$697.99
Total monthly cost$6,891.59
Interest paid over 5-yr term$275,138.76
Balance at end of term$863,523.10

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$95,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,497.06

Cash Needed at Closing

Minimum down payment$95,000
Estimated BC PTT$22,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$118,500

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.

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