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571 Albert St
Na Central Nanaimo
Nanaimo
V9R 2W1
$2,680,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 988870
- Photos (21)
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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
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Na Central Nanaimo, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,623 sq. ft.615 m2
- Taxes:
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- Ceiling Heights:
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- Total Building Area:
- 6,000 sq. ft.557 m2
- Commercial Area:
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- Fireplace:
- No
- 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 Nanaimo
- Legal Description:
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- Parking Features:
- On Site
- Business Type:
- Accommodation, Other
- Total Units:
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- Date Listed:
- Feb 22, 2025
- Original Price:
- 2710000.0
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View of front of home with brick siding, concrete driveway, and an attached garage
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View of front of home with brick siding, concrete driveway, and fence
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View of side of property featuring fence, covered porch, and roof with shingles
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View of front of house featuring covered porch, a shingled roof, and fence
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View of front of home featuring a fenced front yard and covered porch
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Kitchen featuring dark countertops, under cabinet range hood, light tile patterned flooring, white cabinets, and white appliances
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Photo 7 of 21
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Living area featuring plenty of natural light and wood finished floors
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Photo 9 of 21
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Full bath featuring tile patterned flooring, vanity, toilet, and shower / bath combo with shower curtain
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Bathroom with baseboards, toilet, vanity, and tile patterned flooring
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View of stairway
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Units #1 & 2 Studios
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Units #3 & 4Studios
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Units #5 & 61 Bedroom
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Units #7 & 8 - Studios
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Units #9 & 10 - 1 Bedroom
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Mechanical Room
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Utility room with electric panel
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View of garage
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Photo 21 of 21
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Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated March 31, 2025 at 04:05 PM (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:
- 107
- Min days on market:
- 19
- Max days on market:
- 285
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
- Sutton Group West Coast Realty
- (250) 751 5630
- WelteGroup@gmail.com
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.
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