571 Albert St, NANAIMO

2026-07-18

571 Albert St, NANAIMO, British Columbia

For Sale Multi-family

$2,490,000

MLS®#1042858

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)

Building	Multi-family
Rooms
Bedrooms
Bathrooms	0
Square Footage	0 ft²
Built in
Parking Type
Neighbourhood	NANAIMO

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Your One Percent Realty
Commission savings^†

$500,000

^† Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 2.5% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.

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One Percent Realty's top FAQs

What is the deal exactly, with One Percent?

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!

What do you charge?

Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950

Are your listings on MLS® and realtor.ca?

Yes, and yes.

Learn more about the 1% Deal

Joe Squire

REALTOR ® MBA

joe@joesquire.com

(250) 802-5899

Support Area:
Nanaimo,Cedar,Lantzville,Ladysmith,Saltair,Nanoose,Old City,North Nanaimo,South Nanaimo,Central Nanaimo,Departure Bay,Hammond Bay,Diver Lake,Extension,Chase River,Pleasant Valley

Professional Nanaimo Real Estate Sales & Marketing: Specializing in Nanaimo and the Central Island Region 15 year award winning Realtor® offering full MLS® access, advertising, and professional marketing services. My commitment is to make buying or selling your home an informative and enjoyable experience for you.I will help show you how you can keep more of your hard earned...

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