4571 Pemberton Rd
Port Alberni, British Columbia
MLS® 1036693
$5,990,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1036693
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 6Listing description
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.
Property summary
- MLS® number
- 1036693
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 1.39 acres
- Annual property taxes
- $33,724.27
- Days on market
- 110 days
What would this home cost you?
Based on the $5,990,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Coast Capital - Chatterton, Victoria.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.