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$5,990,000
British Columbia,Port Alberni
For Sale Active
4571 Pemberton Rd, Port Alberni, British Columbia V9Y5K2
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Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 1036693
  • Price: $5,990,000
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 53052
Address Map
  • Location: CA, British Columbia, Port Alberni, V9Y5K2
  • Street: Pemberton
  • Street Number: 4571
  • Street Suffix: Road
  • Longitude: W125° 11' 41.9''
  • Latitude: N49° 15' 30.7''
  • Zoning: Unknown
Additional Information
  • Lot Size Dimensions: 1.46
  • Number Of Units Total: 42
Financial
  • Tax Annual Amount: 33724.27
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Listing updated: 2026-05-16 23:13:26
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Listing Information
  • List Agent Key: 1436705
  • List Office Key: 53052
  • Modification Timestamp: 2026-05-13T02:15:19Z
  • Originating System Name: Victoria Real Estate Board
  • Status Change Timestamp: 2026-05-13T02:06:16Z
Powered by REALTOR.ca
Listing updated: 2026-05-16 23:13:26
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