Property description for 571 Albert St, Nanaimo, BC V9R 2W1

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, float-plane service, shopping centres, malls, 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. (id:38686)

QUICK OVERVIEW

$415 / Sq Ft
Baseboard heaters
4 Days on website
0.15 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Michael Guan

Listing Office Sutton Group-west Coast Realty (nan), 250-756-2112

Updated Tuesday, July 21, 2026 at 3:35:06 PM

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, 'screen scraping', 'database scraping', and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website. This listing content is operated by REALTOR® members of The Canadian Real Estate Association. REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Alimenté par

NEIGHBOURHOOD

About the City Centre-Protection Island Neighbourhood

Indépendamment du type de quartier qu'ils préfèrent, les futurs propriétaires se plairont dans le secteur D'une manière générale, le quartier est assez silencieux, puisque la pollution sonore liée à la circulation véhiculaire pose rarement problème. Cela étant dit, il existe une soixantaine de parcs à proximité, comme par exemple Maffeo Sutton Park et Harewood Centennial Park (Sherry Fields), et donc il est généralement très facile d'accéder à l'un d'entre eux à pied. Finalement, le quartier n'est pas connu pour son caractère énergique, mais avec ses quelques quelques lieux dédiés au nightlife, il est exceptionnellement commode de trouver un endroit où prendre un verre puisque ceux-ci sont généralement tout près. Ceux qui aiment sortir ne seront pas déçus par l'atmosphère de Victoria Crescent.

Learn more about City Centre-Protection Island

Daycares

Au moins une garderie à quelques pas à pied

Groceries

Grande variété d'épiceries à quelques pas

Nightlife

Grande variété de bars à quelques minutes en voiture, dont certains à distance de marche

Elementary Schools

Au moins une école primaire à moins de 15 minutes à pied

Restaurants

Grande variété de restaurants à quelques minutes en voiture, dont certains à distance de marche

CLIMATE RISK FOR V9R 2W1

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 571 Albert St, Nanaimo, BC V9R 2W1

$11,304

Monthly

Estimated Payment

Get Real Estate Advice

Enter your email for REMAX's HomeHQ newsletter. Grab market updates, expert selling tips, and real estate advice.

By submitting your information, you are agreeing to the Privacy Notice and Terms of Use.

Consent CheckboxI agree to receive commercial electronic messages regarding news, updates, promotions, business opportunities and other related communications from RE/MAX*, its affiliates, and third parties designated by RE/MAX. I understand I may unsubscribe at any time.

*RE/MAX, LLC, 5075 S. Syracuse St., Denver CO, 80237 1-800-525-7452; REMAX Canada Inc., 639 Queen Street West, Toronto, ON M5V 2B7, 905-542-2400

571 ALBERT ST, NANAIMO, BC V9R 2W1