$2,490,000
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571 Albert St, Nanaimo, BC V9R2W1

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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. (id:58753)

Listing By: Michael Guan - Sutton Group-West Coast Realty (Nan) cncrea2 Realty.com
  • MLS® 1042858
  • Date Listed07/17/2026
  • Days on Realty 9 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 6,623 sq. ft

Interior Features

  • Heating Baseboard heaters

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 6,623.00
  • Lot Features Other

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9R2W1

Discover key demographics, population statistics, and environmental insights for the Nanaimo, BC area.

Walkability in BC / V9R2W1

Source: Walk Score

86/100

Very Walkable

Walk Score ®

57/100

Good Transit

Transit Score ®

53/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

26 nearby routes: 25 bus, 0 rail, 1 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 35/100, Bike Score: 37/100.

Points of Interest near 571 Albert St, Nanaimo, BC V9R2W1

Frequently Asked Questions for 571 Albert St

Source: Realty.com

571 Albert St, Nanaimo, BC V9R2W1 in Nanaimo, BC V9R2W1 is a multi family listed at $2,490,000. Realty.ca has 43 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 43 photos of 571 Albert St.

The full address for this home is 571 Albert St, Nanaimo, BC V9R2W1.

571 Albert St has been listed on Realty.com since Fri July 17, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 35/100, Bike Score: 37/100.

Listing provided courtesy of: Sutton Group-West Coast Realty (Nan)
Listing agent: Michael Guan

This content last refreshed on 2026-07-26 18:56:06. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.