571 Albert St, Nanaimo BC V9R 2W1

$2,490,000 · For Sale

Commercial Sale

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, sea plane service, shopping centres, 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 details

Property type
Commercial Sale
Lot size
6623

Photographs

571 Albert St, Nanaimo — photograph 1571 Albert St, Nanaimo — photograph 2571 Albert St, Nanaimo — photograph 3571 Albert St, Nanaimo — photograph 4571 Albert St, Nanaimo — photograph 5571 Albert St, Nanaimo — photograph 6571 Albert St, Nanaimo — photograph 7571 Albert St, Nanaimo — photograph 8571 Albert St, Nanaimo — photograph 9571 Albert St, Nanaimo — photograph 10571 Albert St, Nanaimo — photograph 11571 Albert St, Nanaimo — photograph 12