If you’re looking for a versatile investment opportunity in Courtenay, 1925 Willemar Avenue presents an excellent chance to secure rental income now while planning for future development potential. This well-maintained full duplex is situated on a 0.19-acre lot and offers multiple pathways for investors, developers, or those looking for a multi-generational living arrangement.

Key Investment Highlights

1. Dual Income Potential

The existing duplex consists of two self-contained units, each with 2 bedrooms, 1 bathroom, an independent kitchen, and private laundry.
One unit is currently tenant-occupied on a month-to-month lease, providing immediate rental income.
The second unit is vacant and move-in ready, giving investors the flexibility to rent it out or occupy it themselves.

2. Recent Upgrades & Low-Maintenance Features

Vinyl frame windows and radiant natural gas heating improve energy efficiency.
The large, fully fenced yard with mature hedging provides privacy and a comfortable outdoor space.
Additional amenities include a storage shed and attached double carport, ensuring ample parking and storagefor tenants.

3. Strategic Location

Centrally located in Courtenay City, this property is in close proximity to shopping centers, schools, parks, and transit.
The neighborhood is highly desirable for renters and aligns well with Courtenay’s growing need for affordable multi-unit housing.

Development Potential: Unlocking Additional Value

Beyond its current income-producing capabilities, 1925 Willemar Avenue has significant redevelopment potential, thanks to its location, zoning, and lot size.

1. Courtenay’s Infill & Density Initiatives

The 0.19-acre (8,276 sq. ft.) lot aligns with the city’s Residential Infill Development Guidelines, making it an excellent candidate for small-scale multi-unit housing.
Potential for townhomes, a triplex/fourplex, or additional secondary dwellings depending on city approvals.

2. Future Rezoning & Housing Demand

Courtenay’s increasing demand for housing makes it easier to seek zoning changes for higher-density development.
The existing structure could potentially be stratified, allowing for individual unit sales or future condo-style ownership models.

3. Income While You Plan

Investors can collect rental income while working through city approvals and long-term redevelopment strategies.
The flat, rectangular lot simplifies construction and development processes compared to more challenging terrain.

A Smart Move for Any Investor

With its immediate rental income, prime location, and long-term development potential, 1925 Willemar Avenue is a flexible and strategic investment. Whether you’re seeking steady cash flow now or planning for a higher-density redevelopment, this property presents a rare opportunity in Courtenay’s evolving real estate market.

Interested? Don’t miss out on this prime investment opportunity—reach out today to discuss how 1925 Willemar Avenue can fit into your investment strategy!