4571 Pemberton Rd, PORT ALBERNI

2026-05-14
 

Quick Summary

Location
4571 Pemberton Rd, PORT ALBERNI, British Columbia V9Y5K2
Price
$5,990,000 CAD
Status:
For Sale
Property Type:
Multi-family

MLS®#1036693

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. (id:32467)

Property Features

Building

  • Fireplace: No
  • Building Type: Multi-Family

Land

  • Land Size: 1.39 ac

Ownership

  • Type: Freehold

Information entered by Royal LePage Coast Capital - Chatterton
Listing information last updated on: 2026-06-02 18:39:09


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$500,000

Your One Percent Realty Commission savings

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same. Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.

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BRAD VESTAD REALTOR®

Phone:
250-918-4744
Email:
bradvestad@gmail.com
Support Area:
Port Alberni, Sproat Lake, Alberni Valley, Qualicum, Parksville

Brad is a Medallion Award winning Realtor with over 15 years with One Percent Realty! Proudly servin ...

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