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.
Address
4571 Pemberton Rd
List Price
$5,990,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Port Alberni
Sub-Area
PA Port Alberni
Lot Size
60752 Sq. Ft.
Lot Size (Acres)
1.39 Ac.
MLS® Number
1036693
Listing Brokerage
Royal LePage Coast Capital - Chatterton
Postal Code
V9Y 5K2
Tax Amount
$33,724.27
Tax Year
2025