Restaurants for Sale — Courtenay City, Courtenay, BC
$499,900
649 McPhee Ave, Courtenay, BC V9N2Z7
Property details
Structured details
- Ownership
- Freehold
- Zoning
- MU-4
- Annual property tax
- $4,320.56
- Lot dimensions
- 7841
- Parcel ID (PID)
- 007-373-171
- Parking
- 2 spaces
- Heating
- Forced air, Natural gas
- Cooling
- None
Listing Information
- MLS®
- 1037869
- Listed
- May 22, 2026
- Time on market
- 115 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Charming and full of future potential, this MU-4 zoned property offers excellent opportunity in the heart of Courtenay. Ideally situated within walking distance to vibrant 5th St shops, restaurants, professional services and transit, the property presents strong mixed use and redevelopment possibilities. The existing building features over 1,300 Sq ft of which 803 sq ft above functional office space, 693 sq ft of under height (6'4) basement with separate entrance provides excellent storage or work space with excellent street appeal and flexible layout options, live/work, boutique retail, or holding investment purposes. The .18 acre lot provides additional development potential under the City of Courtenay's MU 4 Zoning allowing for a variety of residential and commercial uses. High visibility location with convenient access to downtown Courtenay. (id:63159)
Financing calculator
Estimate your monthly payment on the $499,900 asking price.
Financing details
- Monthly debt service
- $4,852
- Cash required at close
- $124,980
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
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Location
Local market size (Courtenay)
- Population
- 28,420(+10.8% since 2016)
- Population density
- 876.6/km²
- Median household income
- $72,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 21.0%
- Postsecondary below bachelor's
- 33.6%
- High school diploma
- 31.4%
- No certificate/diploma
- 14.1%
Population aged 15 and over.
Commute
- Car, truck or van
- 84.3%
- Public transit
- 2.6%
- Walked
- 6.9%
- Bicycle
- 3.0%
- Other
- 3.2%
Commute duration
- Under 15 min
- 56.5%
- 15–29 min
- 28.6%
- 30–44 min
- 6.1%
- 45–59 min
- 3.8%
- 60+ min
- 4.9%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- The Yellow Deli · 596 5th Street299m
- Mr. J's Pizza · 764 Cumberland Road358m
- Il Falcone Restaurant · 536 6th Street366m
- Kinaree Thai Cuisine405m
- Ichiban Sushi Restaurant · 932 Fitzgerald Avenue470m
Cafes (5+)
- Bigfoot Donuts · 477 5th Street493m
- Frankie Jo's Bakery Café503m
- Coffee Love Bug · 980 Cumberland Road555m
- Freya Nordic Baking & Caffe579m
- Rhodos Coffee Roasting Company592m
Grocery (2)
- Edible Island Whole Foods Market · 477 6th Street470m
- The Old Farm Market · 660 England Avenue594m
Parks (4)
- Harmston Park162m
- Courthouse Park518m
- Puntledge Park733m
- 4th Street Parklet · 243 4th Street769m
Gyms (5+)
- 30-Minute Hit Boxing For Women · 571 McPhee Avenue78m
- Titanium Crossfit · 823 McPhee Avenue201m
- The House of Now Yoga Studio364m
- Wild+United Athletics · 445 10th Street551m
- Eden Therapy · 333 5th Street639m
Pharmacies (2)
- Pharmasave584m
- Shoppers Drug Mart · 310 8th Street657m
Banks & ATMs (4)
- BMO · 585 England Avenue519m
- Scotiabank · 392 5th Street569m
- Scotiabank572m
- Coastal Community Credit Union · 291A 4th Street742m
Healthcare (5+)
- Dr. Donald Jenkins Jr. Internist & Dermatologist · 643 6th Street201m
- Cottage Medical Clinic · 559 6th Street321m
- CBI Health362m
- Courtenay Medical Clinic · 788 Grant Avenue363m
- Comox Valley Osteopathy396m
Nearby places data: © OpenStreetMap contributors.
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $499,900.
Where is this business located?
This listing is located in Courtenay, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.