6,000 sqft

C$2,490,000

571 Albert St, Nanaimo BC, V9R 2W1

Price per sqftC$415.00

Property size6,000 sqft

Property typeCommercial

Courtesy of Sutton Group-West Coast Realty (Nan)

Overview

Active

Listed Jul 16, 2026

Updated Jul 18

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, sea plane service, shopping centres, 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.

Additional information

MLS^® ID: 1042858

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.15 Acres

Other Property Details

Taxes: $15,228
Tax Frequency: Annually
View: Yes

Courtesy of Sutton Group-West Coast Realty (Nan), Michael Guan

Listing Contact: 250-756-2112

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