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Featured exterior photo of 571 Albert St, Nanaimo, BC
2 days on market
Just Listed
Commercial Sale
571 Albert St, Nanaimo, BC
$2,490,000
571 Albert St, Nanaimo, BC
Commercial Sale · Multi Family · Nanaimo, BC
$2,490,000 MLS® 1042858
0.15Acres

Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, sea plane service, shopping centres, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Professionally managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential.

Photo Gallery  · 43 photos
Property Location
571 Albert St, Nanaimo, BC
Listed by Sutton Group-West Coast Realty (Nan)

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