4571 Pemberton Rd Port Alberni, British Columbia V9Y 5K2
$5,990,000
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:37253)
Property Details
| MLS® Number | 1036693 |
| Property Type | Multi-family |
| Neigbourhood | Port Alberni |
| Plan | Vip197e |
Building
| Size Exterior | 34632 Sqft |
| Type | Multi-family |
Land
| Acreage | Yes |
| Size Irregular | 1.39 |
| Size Total | 1.39 Ac |
| Size Total Text | 1.39 Ac |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/29743316/4571-pemberton-rd-port-alberni-port-alberni
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June 02 2026 06:39:09
Victoria Real Estate Board
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