4571 Pemberton Rd, Port Alberni, British Columbia

$5,990,000

Previous Next

1.39

Acres

About 4571 Pemberton Rd

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:6289)

Multi-family property for sale in Port Alberni, British Columbia at 4571 Pemberton Rd.

Features of 4571 Pemberton Rd

Listing # 1036693
Price $5,990,000
Bathrooms 0.00
Acres 1.39
Type Multi-family
Sub-Type Multi-Family

Community Information: Port Alberni

Address 4571 Pemberton Rd
Subdivision Port Alberni
City Port Alberni
Province British Columbia
Postal Code V9Y5K2

Amenities of 4571 Pemberton Rd

Is Waterfront No
Has Pool No

Interior of 4571 Pemberton Rd

Fireplace No
Has Basement No

Additional Information On 4571 Pemberton Rd

Zoning Unknown

Listing Details

OfficeRoyal LePage Coast Capital - Chatterton

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?