Active

571 Albert St

Nanaimo BC, V9R 2W1

$2,789,999


$465.00 per sqft

Active

6,000 sqft

Commercial

Vendor Financing Available; Seize the opportunity to invest in a lucrative venture with this meticulously maintained 10-unit building, constructed in 2019 and boasting a robust rental income exceeding $10,000+utilities. Situated in a prime location, this property enjoys proximity to an array of amenities, including transit hubs, ferries, float planes, shopping centers, malls, schools, parks, & churches. 100%occupancy & waitlist for tenancy, underscores the desirability of this investment. Beyond its strategic location, the building is distinguished by its impeccable management, cleanliness, and a roster of exemplary tenants. With the seller retiring, an enticing option for vendor financing further enhances the appeal of this offering. Whether you're a seasoned investor or aspiring landlord, this opportunity promises to bolster your rental portfolio and generate passive income. Secure your foothold in the thriving rental market by capitalizing on this exceptional investment opportunity.

962439

MLS ID

May 1, 2024

Listed

October 14, 2024

Updated

Map

571 Albert St
Nanaimo BC, V9R 2W1

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres

Other Property Details

Area Name

Nanaimo


Taxes

$10,745


Tax Frequency

Annually


Days on Market

139


Garage

No


Parking

On Site


View

No


County

Nanaimo Regional District


Pool

No

Listing History

Date

Event

Price

9/17/2024

Price change

$2,789,999

-7%

Courtesy of Sutton Group-West Coast Realty (Nan), Nita Sihota

Listing Contact: 604-679-8486 

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Charlie Parker Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.  Used under license.

Reciprocity Program

©2024 Vancouver Island Real Estate Board and Victoria Real Estate Board. All rights reserved.

the Victoria Real Estate Board

Powered byLuxury Presence