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574 Cumberland Rd
CV Courtenay City Courtenay V9N 2T9

$19,500,000
Commercial Sale built: 2025

Main Photo: 574 Cumberland Rd in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1007615
Photo 1: 574 Cumberland Rd in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1007615
Photo 2: 574 Cumberland Rd in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1007615
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1007615
Year Built:
2025
We are pleased to present this opportunity to purchase a new (estimated completion date August 2025) mixed-use four-storey rental building located in downtown Courtenay. Situated on a .336-acre corner lot on Cumberland Road at the gateway into downtown Courtenay, the building has approximately 24,642 sf of rentable space comprising 2,246 sf of ground floor commercial and 52 bright, well-appointed micro, one-bedroom and two-bedroom residential units above. The upper levels offer stunning mountain, city and ocean views. Building amenities include common laundry facilities, 114 bike stalls/lockers, 20 underground parking stalls (2 barrier-free) and one surface parking stall. Restaurants, grocery stores, cafes, bakeries, retail and the Courtenay Rotary and Courtenay Riverway Trails are steps away from this ideal location in the heart of the community. Contact the listing realtor to find out more details regarding the Courtenay Property Tax Exemption and the CMHC Select assumable mortgage
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
2025 (Age: 0)
Lease Type:
Sale Of Shares
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
CV Courtenay City, Comox Valley
Bathrooms:
- (Full:-/Half:-)
Lot Size:
15,682 sq. ft.
Taxes:
Building Features:
Bike Storage, Elevator: Passenger, Fire Alarm, Fire Sprinklers, High Traffic Area, Laundry Room, Shopping Nearby, Transit Nearby, Underground Garage
Construction:
Cement Fibre, Concrete, Metal Siding, Stone
Foundation:
Concrete Perimeter
Number of Storeys:
4
Ceiling Heights:
Door Features:
Warehouse Doors: 0
Floor finish:
Mixed
Total Building Area:
32,678 sq. ft.
Total Potential Area:
32,678 sq. ft.
Leasable Area:
24,642 sq. ft.
Commercial Area:
Subdivisable Area:
No
Subdivisable Area Max:
32,678 sq. ft.
Subdivisable Area Min:
32,678 sq. ft.
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
HVAC
Heating:
Heat Pump
Fireplace:
No
Pending Date:
Balcony, Wheelchair Access
City, Mountain(s), Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Courtenay
Legal Description:
Zoning:
C-1
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Central Location, Corner Lot, Easy Access, Irregular Lot, Serviced, Shopping Nearby, Sidewalk, Southern Exposure
Parking Features:
On Site
Total Parking Spaces:
21
Road Surface Type:
Paved
Total Units:
Date Listed:
Jul 15, 2025
Original Price:
1.95E7
  • Photo 1: 574 Cumberland Rd in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1007615
    Photo 1 of 2
  • Photo 2: 574 Cumberland Rd in Courtenay: CV Courtenay City Mixed Use for sale (Comox Valley)  : MLS®# 1007615
    Photo 2 of 2
Listed by Royal LePage Coast Capital Realty and Royal LePage-Comox Valley (CV)
Data was last updated July 19, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$749,900
Min list price:
$50,000
Max list price:
$23,500,000
Avg days on market:
107
Min days on market:
1
Max days on market:
375
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.
CHRISTINA BERRY
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.