Map
Listed price in listed location currency (CAD).
$2,490,000

000

MLS® 1042858

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $15,228
Days Active 4
Lot Size 0.15 Acres
Approx. Age 
MLS® Number 1042858

Property Address: 571 Albert St, Nanaimo, BC, V9R2W1

Average square foot calculated using Size range provided by listing agent.

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, 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.
MLS® Number1042858
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayOn Site
Garage Spaces
HeatBaseboard
A/C

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

--

Today, For Sale for $2,490,000

For Sale · 4 days

$2,490,000

MLS® 1042858

4 days ago

Not Sold Yet

July 2026, For Sale for $2,490,000

For Sale · 4 days

$2,490,000

MLS® 1042858

4 days ago

Not Sold Yet

September 2025, Expired for $2,650,000

View of front of home with brick siding, concrete driveway, and an attached garage
Expired · 70 days

$2,650,000

MLS® 1008032

10 months ago

Canceled on Sep 30, 2025

Real estate boards require that you sign in to see the full details of this property. Log in or sign up to see price history.

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties