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571 Albert St
Nanaimo British Columbia V9R2W1 Canada

$2,490,000

Active Listing ID 1042858
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Multi-family

$2,490,000

Active Listing ID 1042858
Save

571 Albert St 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Heating Systems: Baseboard heaters
  • Additional Features
  • Basement
Listing Changed: 7/17/2026 6:50:07 PM GMT
Source Updated Date: 7/26/2026 8:13:00 AM GMT

Courtesy of: Michael Guan, Personal Real Estate Corp, Sutton Group-West Coast Realty (Nan)