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Royal LePage
Royal LePage
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$885,000

3291 3rd Ave, Port Alberni, BC, V9Y 4C9

MLS® # 1028449

Port Alberni BC, V9Y 4C9

MLS® # 1028449

Property Information:

MULTI-UNIT LISTING IN PORT ALBERNI, THREE ADDRESSES, TWO HOUSES. Strong revenue property generating $6,150 per month with a 5.84% cap rate, offering solid income potential for investors. Long-term tenants are already in place and would like to stay, providing a reliable cash flow. This unique holding includes two houses on two separate lots with three civic addresses and convenient access from 3rd Ave, Strathern, and the back alley. The property enjoys ocean and mountain views and is located outside the tsunami zone. Each suite includes its own washer and dryer, and the duplex units have separate hydro meters. The property has been extremely well looked after over the years with many updates and improvements completed throughout. A freestanding carport with lockable storage units and power provide additional utility and storage. With steady rental history, flexible lot configuration, and strong income, this is a great opportunity for investors looking to add doors to their portfolio.

Property Features:

  • Annual Tax Amount: $5,347
  • Building Features: Shopping Nearby
  • Cooling: Air Conditioning
  • Floor Space (approx): 3418 Square Feet
  • Flooring: Laminate, Tile
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric, Heat Pump
  • Lot Features: Corner Lot, Cul-De-Sac, Level
  • Lot Frontage: 0 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • View: Mountain(s)
  • Zoning: R
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 0

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.

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⚠ Potential Investment Performance

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Location of 3291 3rd Ave, Port Alberni, BC, V9Y 4C9

Demographic Information of 3291 3rd Ave, Port Alberni, BC, V9Y 4C9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,676.73

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.79 %

High school certificate or equivalent

34.79 %

Apprenticeship trade certificate/diploma

12.28 %

College/non-university certificate

14.79 %

University Degree

11.35 %

Commuter

Travel To Work

By Car

75.49 %

By Public Transit

0.0 %

By Walking

12.56 %

By Bicycle

0.0 %

By Other Methods

11.95 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.2 %

Houses

61.8 %

Own Vs. Rent

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