4571 Pemberton Rd
Port Alberni, British Columbia, V9Y5K2
For Sale | $5,990,000
Key facts
- Property type: Multi-family
- Transaction: For Sale
- Price: $5,990,000
- Interior size: 34,632 sqft
- Lot size: 1.39
- Listing key: 29743316
Listing overview
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:25314)
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