For sale

$2,490,000

Est. $11,809/mo —

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571 Albert St, Nanaimo, BC V9R 2W1

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, 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:51075)

Multi-familyProperty Type

6,623 sq ftLot Size

Listed by Michael Guan • Sutton Group-West Coast Realty (Nan)

Listed by Michael McKillican • Sutton Group-West Coast Realty (Nan)

Listing updated: Jul 17, 2026 at 11:41am

Redfin checked: 8 minutes ago

•Source:CREA #1042858

Open houses

No upcoming open houses.

Around this home

Schools

1.3km

Fairview Elementary School

Public, K-7 • Assigned

1.6km

Nanaimo District Secondary School

Public, 8-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Exterior

Exterior features
Property has a view

Home design
Multi-unit building with 10 units

Sale and tax history for 571 Albert St

Sale History
Tax History

This is a new listing, so no sales records exist yet. As the MLS and public records start to fill up, we'll list the details here.

Public record

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Style

Single Family Residential

Region

Nanaimo Regional District

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Last updated by owner on Aug 8, 2023.

Contact listing agent

Michael Guan

Sutton Group-West Coast Realty (Nan)

250-756-2112

At this time, Redfin doesn't have an agent available to help you with this home.

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