For Sale: 571 Albert Street, Nanaimo, BC - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$2,490,000
0 bd • ba • sf • Multifamily
571 Albert Street
Street ViewDirections
$2,490,000
Get pre-approved

571 Albert StreetNanaimo, BC, V9R 2W1

Old City
  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

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.
Listed by: Michael Guan PREC*, Sutton Group-West Coast Realty (Nan)

Home facts and features

Price details
List Price
$2,490,000
Get Pre-Approved
Gross Taxes for 2025
$15,228
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
6623 ft²
Title
Freehold
Exterior Finish
Vinyl Siding
Heating Type
Baseboard
Features
Easy Access, Family-oriented Neighbourhood
Amenities
Recreation Nearby, Shopping Nearby
Community
Agent details
Primary Agent
Primary Broker
Sutton Group-West Coast Realty (Nan)
Secondary Agent
Secondary Broker
Sutton Group-West Coast Realty (Nan)
Listing details
Days on REW
4 Days
Property Views
11
MLS® Number
1042858
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

Marco Twin & Marvin Twin

Marco Twin & Marvin Twin

Twin Mortgages | Ultimate Mortgage Negotiators Inc.

We make home financing simple and stress-free, helping you achieve your goals while saving time and money with care, clarity, and genuine support every step of the way

Connect with a mortgage expert

Connect to a mortgage specialist

Marco Twin & Marvin Twin
Twin Mortgages | Ultimate Mortgage Negotiators Inc.

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Fairview School
  • Public
  • Pre-K - 7
  • In Catchment
Nanaimo District Secondary School
  • Public
  • 8 - 12
  • In Catchment
Pauline Haarer Elementary School
  • Public
  • K - 7
John Barsby Community School
  • Public
  • 8 - 12
The High School at VIU
  • Independent
  • 10 - 12
Discover Montessori School
  • Independent
  • K
Quarterway School
  • Public
  • Pre-K - 7
Nanaimo Christian School
  • Independent
  • K - 12
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
Report Incorrect Info
Full Name*
Email*
Select School
Reason

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close
Sales History data is from public records.

Cities near Old City

Neighborhoods near Old City

Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-07-21.
Call Agent
Michael Guan PREC*
Phone:
250-756-2112
Cell:
250-816-4962
Office:
250-756-2112
Fax:
250-756-9144
Michael McKillican PREC*
Phone:
250-756-2112
Cell:
250-756-2112
Office:
250-756-2112
Fax:
250-756-9144
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.