435 5th St: property in Courtenay City, Courtenay
Sold · August 4, 2026

435 5th St, Courtenay

Courtenay City
Listed at  $889,900
🔒 Sold price: free with sign-in

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This property has now sold.

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*Nanaimo's top-selling real estate agent based on cumulative MLS® sales from 1992 to 2026. Sold data available to registered users under VOW terms.

Sale history for 435 5th St

Most recent MLS® sale for this address.
DateEventPriceDays on market
August 4, 2026Sold🔒 Sign in to view99 days

About this property

Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained 3,300+ sq ft commercial building offers three established tenants generating $51,240 annually plus NNN. Triple net leases provide investors with predictable income as tenants cover taxes, insurance, and maintenance, a huge advantage when comparing this investment to residential rentals where unexpected costs can quickly reduce returns. Two tenants have operated here for over 20 years, offering exceptional long term stability. The newest tenant secured their space after competing in a multiple offer to lease this highly sought after storefront location. Surrounded by high traffic businesses like Bigfoot Donuts, Hot Chocolates, and Scotia Bank, the property benefits from excellent exposure, nearby parking, two private parking stalls, individual heat pumps for each unit, and built in lease increases for reliable future growth and long term security. Please don't disturb the existing tenants.

Recent sales in Courtenay City

Other recently sold homes near 435 5th St — sale history and sold-price details on each page.

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