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. (id:24212)
- Full Address:
- 4571 Pemberton Road, Port Alberni, British Columbia
- Price:
- $ 5,990,000
- MLS Number:
- 1036693
- List Date:
- May 13th, 2026
- Neighbourhood:
- Port Alberni
- Building Size:
- 34632 sq.ft.
- Lot Size:
- 1.46 ac
- Taxes:
- $ 33,724
- Ownership Type:
- Freehold
- Legal Description:
- 15
Property Specifications
Interior Features
- Building Size:
- 34632 sq.ft.
- Zoning:
- Unknown
Building Features
Floors
- Lot Size:
- 1.46 ac
Land
Neighbourhood Features
Ratings
Commercial Info
- Number of Units:
- 42
Location
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Neighbourhood Details
Agent: Fraser CampbellBrokerage: Royal LePage Coast Capital - Chatterton
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