We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
571 Albert St, NANAIMO
2026-07-18
Quick Summary
- Location
- 571 Albert St, NANAIMO, British Columbia V9R2W1
- Price
- $2,490,000
- Status:
- For Sale
- Property Type:
- Multi-family
MLS®#1042858
Property Description
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%â5%. Ideally located near transit, ferries, float-plane service, shopping centres, malls, 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. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Multi-Family
Features
- Feature: Other
Land
- Land Size: 6623 sqft
Ownership
- Type: Freehold
Information entered by Sutton Group-West Coast Realty (Nan)
Listing information last updated on: 2026-07-17 18:41:41
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
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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Joe Squire REALTOR ® MBA
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- (250) 802-5899
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- Email:
- mynanaimohome@gmail.com
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- 250-616-2098
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