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Commercial Sale

$5,990,000
4571 Pemberton Rd, Port Alberni, BC

Address

4571 Pemberton Rd, Port Alberni, BC

Price

$5,990,000

Property 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.

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Interested in this property?

Contact Scott Parker Personal Real Estate Corporation for more information

(250) 751-1223
scott@scottparker.ca
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Property Details

MLS® Number: 1036693
Property Type: Commercial Sale
Property Subtype: Multi Family
Status: Active
Lot Size: 1.46 acres
Area: Port Alberni - PA Port Alberni
Annual Tax: $33,724 (2025)
Days on Market: 3 days

Additional Property Details

Building Type: Multi-Family

Parking & Land Details

Land Size: 1.46 ac
Acreage: true

Landscape & Property Information

Irregular Land Size: 1.46
Ownership Type: Freehold
Transaction Type: For sale

MLS® Number

1036693

Property Photos

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Property Location

4571 Pemberton Rd, Port Alberni, BC

Listed by Royal LePage Coast Capital - Chatterton

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