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Featured exterior photo of 571 Albert St, Nanaimo, BC
Miller Real Estate Team logo Miller Real Estate Team · REMAX Professionals
MLS® 1042858
Just Listed

571 Albert St

Nanaimo, BC · V9R 2W1
$2,490,000
0.15 ac 5 Days on Market
About this home

Nanaimo Living, Reimagined.

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.
Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019.
The Details

Property Highlights

Lot Size 0.15 acres
Building Type Multi-Family
View City view, Mountain view
Location

On the Map

571 Albert St, Nanaimo, BC Open in Google Maps
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Miller Real Estate Team

REMAX Professionals
Nanaimo, British Columbia
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571 Albert St — enlarged listing photo