Property Type: Detached HouseOwnership: Freehold

649 McPhee Ave

Courtenay, BC V9N2Z7

$499,900

2 bed1 bath2 parking803 sqftBuilt 1941
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Property Details

Property & Lot

Sub-type
House
Lot size
7,841 square feet
Zoning
Residential/Commercial

MU-4

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,320.56

Interior

Heating
Forced air, Natural gas
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
StorageLower level23'1 x 28'11
Laundry roomMain level5'8 x 11'1
BathroomMain level6'10 x 5'8
BedroomMain level10'2 x 10'8
Primary BedroomMain level10'4 x 10'7
KitchenMain level11'2 x 7'2
Dining roomMain level11'2 x 4'10
Living roomMain level11'7 x 18'2

Listing Information

MLS®
1027146
Listed
February 26, 2026
Time on market
On the market for 186 days
Data last synced
August 28, 2026

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

Description

Charming, stylish and full of opportunity, this move in ready blends character with exciting future potential under new MU-4 zoning. Offering 2 bedrooms and beautifully renovated bathroom with soaker tub, the home features hardwood and laminate floors, updated trim and modern lighting throughout. Situated on a .18 acre lot just steps to vibrant 5th St shopping and dining. Front and rear decks ideal for outdoor living space. Over 693 sq ft of under height (6'4) basement with separate entrance provides excellent storage or workshop area. 200amp service with updated plumbing and electrical (past 6-7 years) and a natural gas furnace. Large backyard offers gardening potential, future shop options or space to simply enjoy. MU-4 zoning allows for many work from home opportunities, multi unit development or long term investment upside. Rare flexibility in a prime walkable location. (id:63159)

Values & Trends

This listing

$623/sqft

Building average

No other active listings in this building

Courtenay City average

$543/sqft

30 active listing(s)

Parking: 2 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

52

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
Ecole Puntledge Park ElementaryElementary679 m
Lake Trail CommunityMiddle691 m
Courtenay ElementaryElementary768 m
Nala'atsi Alternate ProgramSecondary868 m
Arden ElementaryElementary2.0 km
Georges P. Vanier SecondarySecondary2.3 km
Glacier View Secondary CentreK-122.4 km
Valley View ElementaryElementary3.7 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+)

  • The Yellow Deli · 596 5th Street299 m
  • Mr. J's Pizza · 764 Cumberland Road356 m
  • Il Falcone Restaurant · 536 6th Street365 m
  • Kinaree Thai Cuisine404 m
  • Ichiban Sushi Restaurant · 932 Fitzgerald Avenue469 m

Cafes (5+)

  • Bigfoot Donuts · 477 5th Street492 m
  • Frankie Jo's Bakery Café503 m
  • Coffee Love Bug · 980 Cumberland Road554 m
  • Freya Nordic Baking & Caffe579 m
  • Rhodos Coffee Roasting Company591 m

Grocery (2)

  • Edible Island Whole Foods Market · 477 6th Street470 m
  • The Old Farm Market · 660 England Avenue593 m

Parks (4)

  • Harmston Park161 m
  • Courthouse Park517 m
  • Puntledge Park734 m
  • 4th Street Parklet · 243 4th Street769 m

Gyms (5+)

  • 30-Minute Hit Boxing For Women · 571 McPhee Avenue79 m
  • Titanium Crossfit · 823 McPhee Avenue199 m
  • The House of Now Yoga Studio364 m
  • Wild+United Athletics · 445 10th Street550 m
  • Eden Therapy · 333 5th Street639 m

Pharmacies (2)

  • Pharmasave584 m
  • Shoppers Drug Mart · 310 8th Street656 m

Banks & ATMs (4)

  • BMO · 585 England Avenue518 m
  • Scotiabank · 392 5th Street568 m
  • Scotiabank572 m
  • Coastal Community Credit Union · 291A 4th Street742 m

Nearby places data: © OpenStreetMap contributors.

School district: Comox Valley (SD71)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,920.00
Periodic payment — Principal & Interest (monthly)$2,580.15
Additional monthly expenses (strata, tax, utilities, etc.)$400.05
Total monthly cost$2,980.19
Interest paid over 5-yr term$114,618.22
Balance at end of term$359,729.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,995
Stress test qualifying rate8.09%
Payment you must qualify for$3,651.85

Cash Needed at Closing

Minimum down payment$24,995
Estimated BC PTT$7,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,493

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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