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 in Nanaimo, British Columbia is listed for sale at $2,490,000. 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 centers, 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. Well 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.