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Choose a REALTOR®
Listing REALTORS®
Michael Guan, REALTOR<sup>®</sup>

Michael Guan

REALTOR®

Sutton Group-West Coast Realty (Nan)

Michael Mckillican, REALTOR<sup>®</sup>

Michael Mckillican

REALTOR®

Sutton Group-West Coast Realty (Nan)

Choose a REALTOR®
Listing REALTORS®
Michael Guan, REALTOR<sup>®</sup>

Michael Guan

REALTOR®

Sutton Group-West Coast Realty (Nan)

Michael Mckillican, REALTOR<sup>®</sup>

Michael Mckillican

REALTOR®

Sutton Group-West Coast Realty (Nan)

Multi-family for sale

571 Albert St, Nanaimo

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$2,490,000
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Multi-family for sale in Nanaimo, 571 Albert St, 1042858 | Realtylink.org
Multi-family for sale in Nanaimo, 571 Albert St, 1042858 | Realtylink.org Multi-family for sale in Nanaimo, 571 Albert St, 1042858 | Realtylink.org Multi-family for sale in Nanaimo, 571 Albert St, 1042858 | Realtylink.org Multi-family for sale in Nanaimo, 571 Albert St, 1042858 | Realtylink.org
/en/multi-family~for-sale~nanaimo/1042858
consumersite-GeographicArea3.nanaimo

Features

Lifestyle
1042858 2490000 /en/multi-family~for-sale~nanaimo/1042858/photos 49.1609500000 -123.9396000000 true
Floor Area
6,000 sqft
Lot Size
6,623 sqft
Gross Property Tax
$15,228 /year
View
City, Mountain(s)
Additional Features
Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Shopping Nearby
Total no. of Units
10

Personal note

1 January 0001

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Personal note

1 January 0001

Description

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.

Showing with the Listing REALTOR®

Book an appointment with the listing REALTOR® to tour the property at your own pace, in person.

Request a showing
Available Visit Options

Request a personalised showing with the listing REALTOR®, or add an open house event to your calendar to explore this property!

Showing with the Listing REALTOR®

Book an appointment with the listing REALTOR® to tour the property at your own pace, in person.

Request a showing

Location

Walk Score 92
In accordance with our Terms of Use, location data are provided to you “as-is”, without warranty. Any liability arising from location data is expressly excluded.

Listing REALTORS®

Michael Guan
REALTOR®
  • +1 250-816-4962
  • +1 250-756-2112
Contact
  • +1 250-816-4962
  • +1 250-756-2112
Sutton Group-West Coast Realty (Nan)
Michael Mckillican
REALTOR®
  • +1 250-616-0998
  • +1 250-756-2112
Contact
  • +1 250-616-0998
  • +1 250-756-2112
Sutton Group-West Coast Realty (Nan)

Showing with the Listing REALTOR®

Book an appointment with the listing REALTOR® to tour the property at your own pace, in person.

Request a showing
Available Visit Options

Request a personalised showing with the listing REALTOR®, or add an open house event to your calendar to explore this property!

Showing with the Listing REALTOR®

Book an appointment with the listing REALTOR® to tour the property at your own pace, in person.

Request a showing

Personal note

1 January 0001

Calculators

Mortgage payments Property transfer tax Borrowing capacity

Mortgage payments

$

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$

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$2,490,000
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Payment amount $0.00

Monthly payment chart

Property transfer tax

$

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1% of $200,000 $0.00
2% of remaining value up to and including $2,000,000 $0.00
3% of remaining portion over $2,000,000 $0.00
Estimated Property Transfer Tax $0.00

Borrowing capacity

$

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years

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Mortgage amount $0.00
  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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