For Sale: 4571 Pemberton Road, Port Alberni, BC - REW
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$5,990,000
0 bd • ba • sf • Multifamily
4571 Pemberton Road
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$5,990,000
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4571 Pemberton RoadPort Alberni, BC, V9Y 5K2

Port Alberni Proper
  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Well-maintained 42-unit, 3-storey apartment building on a 63,597 sq. ft. lot in Port Alberni. Strong investment opportunity with significant upside potential as current rents are below market and vacancy remains extremely low at 1.5% (CMHC Oct. 2024). Major upgrades completed in 2018–2019 include exterior envelope improvements with HardiBoard siding, double thermal pane windows, vinyl-covered balconies, and new hot water boilers. Features include elevator service, electric baseboard heating with individually metered suites, 3-phase 1,600-amp electrical service, fire alarm system, on-site Coinamatic laundry, private balconies/patios, full municipal services, and SBS flat roof updates in 2025. Bonus bachelor suite (#100) rented at $825/month not included in stated income, offering additional revenue potential.Building area from BC Assessment.
Listed by: Fraser Campbell, Royal LePage Coast Capital - Chatterton

Home facts and features

Price details
List Price
$5,990,000
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Gross Taxes for 2025
$33,724
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
1.39 acres
Title
Freehold
Community
Agent details
Primary Agent
Primary Broker
Royal LePage Coast Capital - Chatterton
Listing details
Days on REW
27 Days
Property Views
84
MLS® Number
1036693
Source
Victoria and Vancouver Island MLS
Board
Victoria Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Alberni Elementary
  • Public
  • Pre-K - 7
  • In Catchment
Alberni District Secondary School
  • Public
  • 8 - 12
  • In Catchment
John Paul II Catholic School
  • Independent
  • K - 7
Ecole Des Grands Cedres
  • Public
  • K - 7
A W Neill Elementary School
  • Public
  • K - 7
Eric J Dunn School
  • Public
  • Pre-K - 7
Haahuupayak School
  • Independent
  • K - 7
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Fraser Campbell
Phone:
(250) 888-3110
Cell:
250-382-3381
Office:
250-477-5353
Fax:
250-477-3328
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