571 Albert St Nanaimo, British Columbia V9R 2W1
$2,490,000
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. 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. (id:49203)
Property Details
| MLS® Number | 1042858 |
| Property Type | Multi-family |
| Neigbourhood | Central Nanaimo |
| Features | Other |
| Plan | Vip77859 |
| View Type | City View, Mountain View |
Building
| Heating Type | Baseboard Heaters |
| Size Exterior | 6000 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Irregular | 6623 |
| Size Total | 6623 Sqft |
| Size Total Text | 6623 Sqft |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/30048480/571-albert-st-nanaimo-central-nanaimo
Contact Us
Contact us for more information
Michael Guan
Personal Real Estate Corporation
www.michaelguan.ca/
7a - 6421 Applecross Road
Nanaimo, British Columbia V9V 1N1
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
Michael Mckillican
Personal Real Estate Corporation
www.buynanaimo.com/
www.facebook.com/people/Michael-McKillican/100013902183090
7a - 6421 Applecross Road
Nanaimo, British Columbia V9V 1N1
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
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 The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 17 2026 06:41:41
Vancouver Island Real Estate Board
Sutton Group-West Coast Realty (Nan)