houses for sale vancouver island .
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1036693
- Photos (6)
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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.Building area from BC Assessment.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- PA Port Alberni, Port Alberni
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 1.395 acre(s)
- Taxes:
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- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Port Alberni
- Legal Description:
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- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- May 11, 2026
- Original Price:
- 5990000.0
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Listed by Royal LePage Coast Capital - Chatterton
Data was last updated August 25, 2026 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 42
- Avg list price:
- $699,000
- Min list price:
- $59,900
- Max list price:
- $7,950,000
- Avg days on market:
- 106
- Min days on market:
- 10
- Max days on market:
- 621
These statistics are generated based on the current listing's property type
and located in
PA Port Alberni. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- BCHOMEGROUP.CA
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email