Space
Finished area and layout
- Building Area
- 6,000 sqft
+38 more
6,000 sqft
Building Area
6,623 sqft
Lot
Property Snapshot
Key details for this listing
MLS #1042858
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
Lot
Land, frontage and setting
- Lot
- 6,623 sqft - 6623
About This Property
This multi-family in Nanaimo offers 6,000 sqft of building area on a 6,623 sqft lot. The property has lot dimensions of 6623, zoned Unknown. The home features baseboard heaters heating.
MLS Remarks
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. Well 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:60351)
Full Listing Details
Address571 Albert St
MLS#1042858
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market100
Common InterestFreehold
Annual Tax$15,228
Structure TypeMulti-Family
AttachedAttached
StyleMultiplex
CityNanaimo
ProvinceBritish Columbia
Postal CodeV9R2W1
Lot Size6,623 sqft
Lot Dimensions6623
Lot FeaturesOther
ZoningUnknown
HeatingBaseboard heaters
ViewCity view, Mountain view
Annual Tax$15,228
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