$5,990,000
4571 Pemberton Rd, Port Alberni BC V9Y 5K2, Port Alberni
$5,990,000
4571 Pemberton Rd, Port Alberni BC V9Y 5K2, Port Alberni
- Type
- Multi Family
- MLS® Number
- 1036693
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.Building area from BC Assessment.
Listed by Royal LePage Coast Capital - Chatterton
Listing data via VIVA, the MLS® System of the Victoria and Vancouver Island Real Estate Boards; courtesy of Royal LePage Coast Capital - Chatterton.
Similar homes in Port Alberni
$429,000
4374 Maitland St, Port Alberni BC V9Y 3W7, Port Alberni
4 bd · 1 ba · 1,235 sqft
MLS® 1050323 · Royal LePage Island Living (PA)
Listing data via VIVA, the MLS® System of the Victoria and Vancouver Island Real Estate Boards; courtesy of Royal LePage Island Living (PA).
$849,000
5119 Athol St, Port Alberni BC V9Y 3C2, Port Alberni
MLS® 1050303 · CBRE Limited
Listing data via VIVA, the MLS® System of the Victoria and Vancouver Island Real Estate Boards; courtesy of CBRE Limited.
$385,900
4021 8th Ave, Port Alberni BC V9Y 4S3, Port Alberni
3 bd · 1 ba · 1,400 sqft
MLS® 1050154 · RE/MAX Mid-Island Realty
Listing data via VIVA, the MLS® System of the Victoria and Vancouver Island Real Estate Boards; courtesy of RE/MAX Mid-Island Realty.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. 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 CREA and identify the quality of services provided by real estate professionals who are members of CREA. VREB IDX Reciprocity Program