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 Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1966
(Age: 60)
Lease Type:
Sale of Assets
Listing General Location:
CV Courtenay City, Comox Valley
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0.531 acre(s)0.21 hectare(s)
Building Features:
Fire Alarm, Fire Sprinklers, Laundry Room, Parking, Storage Room
Data was last updated September 21, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$1,327,500
Min list price:
$149,000
Max list price:
$7,500,000
Avg days on market:
136
Min days on market:
4
Max days on market:
803
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.