571 Albert St, Nanaimo BC V9R 2W1
$2,490,000
00
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.
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Located in the Na Central Nanaimo neighborhood. Part of the Nanaimo area.
$2,490,000
For Sale
1 / 43
571 Albert St, Nanaimo BC V9R 2W1
Nanaimo, BC V9R 2W1
MLS® #1042858
Sutton Group-West Coast Realty (Nan)
0beds
0baths
Property Details
Property Type
Multi Family
Lot Size
6,534 sq ft(0.15 acres)
Bedrooms
0
Bathrooms
0
Area
Nanaimo
Neighborhood
Central Nanaimo
Listed
Jul 16, 2026
MLS® Number
#1042858
Albert St Market Report
View comprehensive market analysis for Albert St including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Albert St Market ReportDescription
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.
Listing History
Members Only
Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Request Information
Location & Community
Explore Central NanaimoView All Nanaimo Listings
Discover more properties and explore the Nanaimo community, including the Central Nanaimo neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$13,950
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
Learn about the Prepared Buyer Program →Explore Other Neighborhoods Near Central Nanaimo
Discover other great communities in the area
Property Location
Explore the property location and surrounding area
More Homes in Nanaimo
3550 Country Club Dr, Nanaimo BC V9T 1T9
$799,900
For Sale
3550 Country Club Dr, Nanaimo BC V9T 1T9
Nanaimo, BC
4 bed · 3.0 bath · 1,810 sf · New
Single Family
MLS® Reciprocity listing
MLS® Reciprocity5358 Bayshore Dr, Nanaimo BC V9V 1R4
$1,350,000
For Sale
5358 Bayshore Dr, Nanaimo BC V9V 1R4
Nanaimo, BC
5 bed · 4.0 bath · 4,822 sf · New
Single Family
MLS® Reciprocity listing
MLS® Reciprocity950 Kolby Ave, Nanaimo BC V9R 0C2
$719,900
For Sale
950 Kolby Ave, Nanaimo BC V9R 0C2
Nanaimo, BC
3 bed · 3.0 bath · 1,586 sf · 1 days
Half Duplex
MLS® Reciprocity listing
MLS® Reciprocity6218 Groveland Dr, Nanaimo BC V9V 1B1
$749,900
For Sale
6218 Groveland Dr, Nanaimo BC V9V 1B1
Nanaimo, BC
3 bed · 2.0 bath · 1,482 sf · 1 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity163 Golden Oaks Cres, Nanaimo BC V9T 0K8
$1,299,000
For Sale
163 Golden Oaks Cres, Nanaimo BC V9T 0K8
Nanaimo, BC
7 bed · 4.0 bath · 3,563 sf · 2 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity3319 Decourcy Dr, Nanaimo BC V9G 1E4
$750,000
For Sale
3319 Decourcy Dr, Nanaimo BC V9G 1E4
Nanaimo, BC
4 bed · 3.0 bath · 2,751 sf · 3 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity4728 Uplands Dr #402, Nanaimo BC V9T 4S9
$279,000
For Sale
4728 Uplands Dr #402, Nanaimo BC V9T 4S9
Nanaimo, BC
2 bed · 1.0 bath · 918 sf · 3 days
Condo
MLS® Reciprocity listing
MLS® Reciprocity5854 Turner Rd #64, Nanaimo BC V9T 2N6
$349,900
For Sale
5854 Turner Rd #64, Nanaimo BC V9T 2N6
Nanaimo, BC
2 bed · 2.0 bath · 1,072 sf · 3 days
Manufactured Home
MLS® Reciprocity listing
MLS® Reciprocity2107 Duggan Rd, Nanaimo BC V9S 5N9
$789,900
For Sale
2107 Duggan Rd, Nanaimo BC V9S 5N9
Nanaimo, BC
6 bed · 3.0 bath · 2,197 sf · 3 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity154 Promenade Dr #2301, Nanaimo BC V9R 6Y3
$959,000
For Sale
154 Promenade Dr #2301, Nanaimo BC V9R 6Y3
Nanaimo, BC
2 bed · 2.0 bath · 1,547 sf · 3 days
Condo
MLS® Reciprocity listing
MLS® Reciprocity4287 Gulfview Dr, Nanaimo BC V9T 6K4
$965,000
For Sale
4287 Gulfview Dr, Nanaimo BC V9T 6K4
Nanaimo, BC
6 bed · 3.0 bath · 3,161 sf · 3 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity2562 Departure Bay Rd #108, Nanaimo BC V9S 5P1
$599,900
For Sale
2562 Departure Bay Rd #108, Nanaimo BC V9S 5P1
Nanaimo, BC
2 bed · 2.0 bath · 1,161 sf · 3 days
Condo
MLS® Reciprocity listing
MLS® ReciprocityFeatured Listings
For Sale
$545,000
832 Holly Hill Rd, Nanaimo BC V9R 5T1
Nanaimo, BC
3 bed · 2.0 bath · 1,327 sf
Half Duplex
Courtesy of eXp Realty (NA)
MLS® Reciprocity
For Sale
$469,000
2884 Anderson Ave, Port Alberni BC V9Y 2V6
Port Alberni, BC
6 bed · 2.0 bath · 1,884 sf
Single Family Residence
Courtesy of Abingdon Moore Realty
MLS® Reciprocity
For Sale
$625,000
2821 Jacklin Rd #105, Langford BC V9B 0T3
Langford, BC
2 bed · 3.0 bath · 1,200 sf
Townhouse
Courtesy of Pemberton Holmes Ltd.
MLS® Reciprocity
For Sale
$789,900
112 Arden Rd, Courtenay BC V9N 8X8
Courtenay, BC
6 bed · 4.0 bath · 2,978 sf
Full Duplex
Courtesy of One Percent Realty Ltd.
MLS® Reciprocity
For Sale
$1,350,000
5358 Bayshore Dr, Nanaimo BC V9V 1R4
Nanaimo, BC
5 bed · 4.0 bath · 4,822 sf
Single Family Residence
Courtesy of Sutton Group-West Coast Realty (Nan)
MLS® Reciprocity
For Sale
$799,900
3550 Country Club Dr, Nanaimo BC V9T 1T9
Nanaimo, BC
4 bed · 3.0 bath · 1,810 sf
Single Family Residence
Courtesy of Royal LePage Island Living (PK)
MLS® Reciprocity