4571 Pemberton Rd, Port Alberni, BC V9Y 5K2
- $5,990,000
Courtesy of Royal LePage Coast Capital - Chatterton
- List Price
- $5,990,000
- Status
- ACTIVE
- MLS®
- 1036693
- Property Type
- Commercial
- Acres
- 1.39
- Lot Size
- 60,752
- District
- Port Alberni
- Neighbourhood
- Pa Port Alberni
Property 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.Building area from BC Assessment.
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Additional Information
- Parking Type
- On Site
- Taxes
- $33,724
- Rentals Allowed
- Unrestricted
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