Multi-Family
Offered at
$5,990,000
MLS® 1036693
Listed by Royal LePage Coast Capital - Chatterton
The property
About this property.
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:67648)
The particulars
Property details.
Details below are supplied by the listing feed. Confirm measurements, rights, fees and taxes for the particular property.
Property and layout
- Property type
- Multi-family
- Structure
- Multi-Family
- Attachment
- Attached
- Total building area
- 34,632 sq. ft.
Ownership and costs
- Ownership
- Freehold
- Association
- TPM Properties
- Annual property tax
- $33,724.27 (tax year not supplied)
Land and parking
- Lot area
- 1.39 acres
- Lot dimensions, as supplied
- 1.39
- Zoning, as supplied
- Unknown
Comfort and construction
- Fireplace
- No
Location details
- Area
- Port Alberni
- City
- Port Alberni
- Province
- British Columbia
- Postal code
- V9Y5K2
The setting
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the location.
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Source record updated 2 Jun 2026, 18:45 UTC.