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!
Property Details
MLS #:
1026708
ID #:
30663424
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Comox Valley
Sub-Area:
CV Courtenay City
Status:
Active
Lot Size:
0.53 acres
Property Tax:
$22,238 (2025)
Days on Market:
196 days
Listing provided by eXp Realty
Canadian Mortgage Calculator
Mortgage Amount:
$0
Payment Amount:
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Total Interest:
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Total Cost:
$0
After 5 Year Term:
Principal Paid:
$0
Interest Paid:
$0
Remaining Balance:
$0
CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
Annual Payment Breakdown
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