Multi-family for sale

571 Albert St, Nanaimo

$2,789,999 or
$2,789,999 or

Multi-family for sale

571 Albert St, Nanaimo

Features

Lifestyle
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Floor Area
6,000 sqft
Lot Size
6,623 sqft
Gross Property Tax
$10,745 /year
Total no. of Units
10

Description

Vendor Financing Available; Seize the opportunity to invest in a lucrative venture with this meticulously maintained 10-unit building, constructed in 2019 and boasting a robust rental income exceeding $10,000+utilities. Situated in a prime location, this property enjoys proximity to an array of amenities, including transit hubs, ferries, float planes, shopping centers, malls, schools, parks, & churches. 100%occupancy & waitlist for tenancy, underscores the desirability of this investment. Beyond its strategic location, the building is distinguished by its impeccable management, cleanliness, and a roster of exemplary tenants. With the seller retiring, an enticing option for vendor financing further enhances the appeal of this offering. Whether you're a seasoned investor or aspiring landlord, this opportunity promises to bolster your rental portfolio and generate passive income. Secure your foothold in the thriving rental market by capitalizing on this exceptional investment opportunity. All meansurements from BC assessment, buyer to verify if fundamental to purchase.
MLS® Number 962439

Listing REALTORS®

Nita Sihota, REALTOR<sup>®</sup>

Nita Sihota

REALTOR®

Sutton Group-West Coast Realty (Nan)

Harvey Nagra, REALTOR<sup>®</sup>

Harvey Nagra

REALTOR®

Sutton Group-West Coast Realty (Nan)

Location

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  • 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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