Feature Sheet Scott Parker Personal Real Estate Corporation · REMAX Professionals
List Price CAD $2,490,000 MLS® 1042858 Just Listed
For Sale 571 Albert St

571 Albert St

Nanaimo, BC V9R 2W1
Commercial Sale · Multi Family
Nanaimo
Beds
Baths
Sq Ft
Year Built
0.15
Lot (acres)

About this Home

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 t… (continued online)

Property Highlights

Type Multi-Family
View City view, Mountain view
Ownership Freehold
Annual Taxes $15,228 (2025)
Listed By Sutton Group-West Coast Realty (Nan)

Gallery

Information from sources deemed reliable but not guaranteed. Buyer to verify all information including measurements, taxes, and lot size.
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