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Comox Valley

Andrew Rice & Derek Rice

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512 5th St
CV Courtenay City Courtenay V9N 1K3

$649,900
Commercial Sale

Main Photo: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 1: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 2: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 3: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 4: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 5: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 6: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 7: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 8: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 9: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 10: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 11: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 12: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Photo 13: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1023506
Positioned on prime 5th Street frontage in downtown Courtenay, this C1 zoned property presents a compelling opportunity for investors, owner users, or developers. The 1,000+ sqft building offers immediate income with a long term commercial tenant currently on a month to month lease and open to a new multi-year agreement. Recent upgrades include a brand new roof and 200 amp electrical service, supported by four private parking stalls. As the most centrally located downtown property with both front and back yards, the site benefits from favorable setbacks and zoning that may allow for a four storey mixed-use development. Potential exists for up to 20,000 sqft of commercial and residential space, including a commercial ground floor and residential units above with glacier and ocean views. A rare opportunity to secure income today while unlocking significant redevelopment upside tomorrow.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
CV Courtenay City, Comox Valley
Bathrooms:
- (Full:-/Half:-)
Lot Size:
6,098 sq. ft.
Building Features:
Shopping Nearby, Transit Nearby, Visual Exposure
Construction:
Frame Wood
Total Building Area:
1,042 sq. ft.
Leasable Area:
1,042 sq. ft.
Water supply:
Municipal
Sewer:
Sewer Connected, Sewer To Lot
Fireplace:
No
Sign: Allowed, Wheelchair Access
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Courtenay
Zoning:
C1
Occupancy:
Owner
Lot Site Features:
Level
Parking Features:
On Site
Total Parking Spaces:
4
Date Listed:
Jan 16, 2026
Original Price:
649900.0
  • Photo 1: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 9: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
    drone footage at potential view height of future development
  • Photo 10: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
    drone footage at potential view height of future development
  • Photo 11: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 12: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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  • Photo 13: 512 5th St in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1023506
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Listed by Royal LePage-Comox Valley (CV)
Data was last updated January 17, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$1,269,000
Min list price:
$35,000
Max list price:
$17,000,000
Avg days on market:
93
Min days on market:
1
Max days on market:
557
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.
ANDREW  RICE

Welcome

Buying or Selling your home is one of the biggest purchases and decisions you will have to make in your lifetime.  By working with me I will support you through every step and make sure that you are comfortable and satisfied throughout the process. 



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Andrew  Rice
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.