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$ 4,340,000
Est. payment | /mo
0.53 Acres Lot
$ 4,340,000
Est. payment | /mo
0.53 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Courtenay City
MLS® Listing ID 1026708
Year Built 1966
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Freehold
Property Description
New higher rents as of October 2026 and the potential for further large additions to net income upon tenant turnover all serve to make the Willow Arms a very attractive investment opportunity. Make sure to read the property summary and financials in supplements. Willow Arms is a 21-unit apartment building on the corner of 9th Street and Willemar Avenue with immediate access to 5th Street and the Courtenay downtown core. The impressive suite mix features fourteen large three-bedroom suites, six two-bedroom suites and one studio suite. Built in 1966, the Willow Arms offers spacious balconies/patios for each suite, on-site parking, tenant lockers, coin-operated laundry, heat and hot water included in the rent, and proximity to shopping, transit infrastructure and other local amenities. Moreover, the building is in a state of excellent repair and modernization thanks to very good property management (upon tenant turnover, suites are renovated and modernized). Try your offer! (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Hot Water,
Cooling None
Exterior
Parking Features No
View Y/N Yes
View City view
Attached Garage No
Total Parking Spaces 19
Garage No
Private Pool No
Others
Ownership Freehold
Listed by eXp Realty
Nearby Locations