$5,990,000
4571 Pemberton Road, Port Alberni V9Y5K2
Detached
Listed by: Royal LePage Coast Capital - Chatterton.
Data provided by CREA's Data Distribution Facility.
Data provided by CREA's Data Distribution Facility.
Description
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. (id:66934)
Location
Approximate location supplied by the listing data provider.
Features
Structure: Multi-Family
Annual Taxes: $33,724
Lot Size: 1.39
Property Details
| Property Type | Detached |
|---|---|
| Sub Type | Multi-family |
| Lot Size | 1 sq ft |
| Days on Market | 94 |
| Listing ID | 1036693 |
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