The Puntledge and Tsolum rivers meet at the south edge of Courtenay to form the short Courtenay River, which fans out into a 65-square-kilometre estuary at the head of Comox Harbour. The mudflats and eelgrass beds are a globally significant overwintering site for trumpeter swans (sometimes 2,000 birds at once), Canada geese, and dozens of duck species.
The Airpark Walkway loops around the south side and the Courtenay Riverway runs along the north — both flat, paved, and good for slow morning birdwatching. November to February is peak swan season.