571 Albert St
Nanaimo, British Columbia
MLS® 1042858
$2,490,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1042858
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 43Listing description
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.
Property summary
- MLS® number
- 1042858
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 6623 square feet
- Annual property taxes
- $15,228.00
- Days on market
- 42 days
Features & details
- Heating
- Baseboard heaters
- Lot features
- Other
- View
- City view, Mountain view
What would this home cost you?
Based on the $2,490,000 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 Sutton Group-West Coast Realty (Nan), Nanaimo.
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.