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:35114)
| MLS® Number | 1036693 |
| Property Type | Multi-family |
| Neigbourhood | Port Alberni |
| Plan | Vip197e |
| Size Exterior | 34632 Sqft |
| Type | Multi-family |
| Acreage | Yes |
| Size Irregular | 1.46 |
| Size Total | 1.46 Ac |
| Size Total Text | 1.46 Ac |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/29743316/4571-pemberton-rd-port-alberni-port-alberni
Contact us for more information
Fraser Campbell
(250) 477-5353
(800) 461-5353
(250) 477-3328
www.rlpvictoria.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
