Courtenay · Commercial Sale · MLS® 1026708

1252 9th St, Courtenay

$4,340,000
1966Year Built
196Days on Market

About this property

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!

Features & details

DDF Property Type Multi-family
Building Type Multi-Family
View City view
Land Size 23,087 sq ft (0.53 acres)
Construction Date 1966
Feature Central location
Feature Level lot
Feature Corner Site
Feature Partially cleared
Feature Other
Property Type Multi Family
Heating Baseboard,Hot Water,Oil
Cooling None
Parking Spaces 19
Water Source Municipal
Sewer Sewer Connected
Flooring Carpet,Laminate,Mixed
Foundation Slab

Location

Brokerage Listed by eXp Realty. Information is deemed reliable but not guaranteed.