571 Albert St, Nanaimo BC V9R 2W1

571 Albert St, Nanaimo BC V9R 2W1 - Multi Family for Sale in Nanaimo, BC

This 0 bedroom, 0 bathroom multi family is listed for sale at $2,490,000 in Nanaimo, British Columbia. Lot size: 6,534 sq ft (0.15 acres).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%–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 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.

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