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! (id:13843)
| MLS # | 1026708 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1966 |
| Days On Site | 232 |
| Listing Provided By | eXp Realty | Andre Beauregard |
| Units | 21 |
|---|---|
| Zoning | Unknown |
| Acreage | 0.53 |
| Property View | City view |
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Oil, Hot Water |
| Fireplace Yes / No | No |
| Security Features | Sprinkler System-Fire, Fire alarm system |
|---|---|
| Lot Features | Central location, Level lot, Corner Site, Partially cleared, Other |
| Parking Total | 19 |
|---|
| Tax Annual Amount | 22238 |
|---|
| Province | BC |
|---|---|
| City | Courtenay |
| Postal Code | V9N1P4 |
| Listing VS Median (in V9N1P4) | |
Price: $4,340,000 low | high Med: $0 On site: 232 low | high Med: | |
| Province | BC |
|---|---|
| City | Courtenay |
| Postal Code | V9N1P4 |
| Listing VS Median (in V9N1P4) | |
Price: $4,340,000 low | high Med: $0 On site: 232 low | high Med: | |