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

$5,990,000

MLS® # 1036693

Investment For Sale In Port Alberni, British Columbia

$5,990,000

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

Courtesy of: Royal LePage Coast Capital Realty

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.

Additional Photos