571 Albert St Nanaimo, British Columbia V9R 2W1
$2,490,000
Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, float-plane service, shopping centres, malls, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Professionally managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential. (id:55599)
Property Details
| MLS® Number | 1042858 |
| Property Type | Multi-family |
| Neigbourhood | Central Nanaimo |
| Features | Other |
| Plan | Vip77859 |
| View Type | City View, Mountain View |
Building
| Heating Type | Baseboard Heaters |
| Size Exterior | 6000 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Irregular | 6623 |
| Size Total | 6623 Sqft |
| Size Total Text | 6623 Sqft |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/30048480/571-albert-st-nanaimo-central-nanaimo
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July 17 2026 06:41:41
Vancouver Island Real Estate Board
Sutton Group-West Coast Realty (Nan)