My Office Listings

571 Albert St
Na Central Nanaimo Nanaimo V9R 2W1

$2,680,000
Commercial Sale

View of front of home with brick siding, concrete driveway, and an attached garage
Photo 1: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 2: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 3: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 4: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 5: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 6: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 7: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 8: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 9: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 10: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 11: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 12: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 13: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 14: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 15: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 16: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 17: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 18: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 19: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 20: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Photo 21: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
988870
Vendor Financing Available; Seize the opportunity to invest in a lucrative venture with this meticulously maintained 10-unit building, constructed in 2019 and boasting a robust rental income exceeding $10,000+utilities. Situated in a prime location, this property enjoys proximity to an array of amenities, including transit hubs, ferries, float planes, shopping centers, malls, schools, parks, & churches. 100%occupancy & waitlist for tenancy, underscores the desirability of this investment. Beyond its strategic location, the building is distinguished by its impeccable management, cleanliness, and a roster of exemplary tenants. With the seller retiring, an enticing option for vendor financing further enhances the appeal of this offering. Whether you're a seasoned investor or aspiring landlord, this opportunity promises to bolster your rental portfolio and generate passive income. Secure your foothold in the thriving rental market by capitalizing on this exceptional investment opportunity.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Business, Land
Lease Type:
Sale Price
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
6,623 sq. ft.
Total Building Area:
6,000 sq. ft.
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Occupancy:
Tenant
Parking Features:
On Site
Business Type:
Accommodation, Other
Date Listed:
Feb 22, 2025
Original Price:
2710000.0
  • Photo 1: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    View of front of home with brick siding, concrete driveway, and an attached garage
  • Photo 2: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    View of front of home with brick siding, concrete driveway, and fence
  • Photo 3: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    View of side of property featuring fence, covered porch, and roof with shingles
  • Photo 4: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    View of front of house featuring covered porch, a shingled roof, and fence
  • Photo 5: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    View of front of home featuring a fenced front yard and covered porch
  • Photo 6: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Kitchen featuring dark countertops, under cabinet range hood, light tile patterned flooring, white cabinets, and white appliances
  • Photo 7: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Photo 7 of 21
  • Photo 8: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Living area featuring plenty of natural light and wood finished floors
  • Photo 9: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Photo 9 of 21
  • Photo 10: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Full bath featuring tile patterned flooring, vanity, toilet, and shower / bath combo with shower curtain
  • Photo 11: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Bathroom with baseboards, toilet, vanity, and tile patterned flooring
  • Photo 12: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    View of stairway
  • Photo 13: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Units #1 & 2 Studios
  • Photo 14: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Units #3 & 4Studios
  • Photo 15: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Units #5 & 61 Bedroom
  • Photo 16: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Units #7 & 8 - Studios
  • Photo 17: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Units #9 & 10 - 1 Bedroom
  • Photo 18: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Mechanical Room
  • Photo 19: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Utility room with electric panel
  • Photo 20: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    View of garage
  • Photo 21: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 988870
    Photo 21 of 21
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated March 29, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$744,900
Min list price:
$46,900
Max list price:
$5,200,000
Avg days on market:
104
Min days on market:
16
Max days on market:
282
These statistics are generated based on the current listing's property type and located in Na Central Nanaimo. Average values are derived using median calculations.
Ken Welte
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.