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Royal LePage
Royal LePage
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$5,990,000

4571 Pemberton Rd, Port Alberni, BC, V9Y 5K2

MLS® # 1036693

Port Alberni BC, V9Y 5K2

MLS® # 1036693

Property Information:

Well-maintained 42-unit, 3-storey apartment building on a 63,597 sq. ft. lot in Port Alberni. Strong investment opportunity with significant upside potential as current rents are below market and vacancy remains extremely low at 1.5% (CMHC Oct. 2024). Major upgrades completed in 2018–2019 include exterior envelope improvements with HardiBoard siding, double thermal pane windows, vinyl-covered balconies, and new hot water boilers. Features include elevator service, electric baseboard heating with individually metered suites, 3-phase 1,600-amp electrical service, fire alarm system, on-site Coinamatic laundry, private balconies/patios, full municipal services, and SBS flat roof updates in 2025. Bonus bachelor suite (#100) rented at $825/month not included in stated income, offering additional revenue potential.Building area from BC Assessment.

Property Features:

  • Annual Tax Amount: $33,724
  • Floor Space (approx): 34632 Square Feet
  • Lot Frontage: 60752 Square Feet
  • Lot Size: 1.39 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family

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 4571 Pemberton Rd, Port Alberni, BC, V9Y 5K2

Demographic Information of 4571 Pemberton Rd, Port Alberni, BC, V9Y 5K2

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$87,526.46

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.63 %

High school certificate or equivalent

38.2 %

Apprenticeship trade certificate/diploma

13.51 %

College/non-university certificate

14.5 %

University certificate (below bachelor)

0.07 %

University Degree

9.09 %

Commuter

Travel To Work

By Car

86.28 %

By Public Transit

0.11 %

By Walking

7.3 %

By Bicycle

0.0 %

By Other Methods

6.31 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.23 %

Houses

73.77 %

Own Vs. Rent

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