Welcome to Belle Aire—an exceptional turnkey 4-plex investment in central Courtenay. Situated on a 0.24-acre lot in a quiet, well-connected neighborhood, this 4,437 sqft property offers strong, consistent income with rare vacancies and long-term upside. Built in 1960 and thoughtfully maintained with ongoing renovations, the building presents as a solid, low-risk asset. Each of the four spacious suites exceed 950 sqft and feature 2 beds and den. Upper units offer decks, while lower units include patios, enhancing tenant appeal. Additional features include shared laundry, two carports, brick driveways, and stone patios. Ideally located near transit, downtown, shopping, and recreation, this property attracts stable tenancy and long-term demand. With large lot size and central location, Belle Aire offers future development potential, making it a compelling hold with upside. A rare opportunity to secure a well-performing multi-family asset with stability, and growth potential.
Data was last updated April 21, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
147
Avg list price:
$655,900
Min list price:
$38,000
Max list price:
$7,500,000
Avg days on market:
40
Min days on market:
3
Max days on market:
612
Avg price per sq.ft.:
$443.43
These statistics are generated based on the current listing's property type
and located in
CV Courtenay City. Average values are
derived using median calculations. This data is not produced by
the MLS® system.