Property Description
MULTI-UNIT LISTING IN PORT ALBERNI, THREE ADDRESSES, TWO HOUSES. Strong revenue property generating $6,150 per month with a 5.78% cap rate, offering solid income potential for investors. Long-term tenants are already in place and would like to stay, providing a reliable cash flow. This unique holding includes two houses on two separate lots with three civic addresses and convenient access from 3rd Ave, Strathern, and the back alley. The property enjoys ocean and mountain views and is located outside the tsunami zone. Each suite includes its own washer and dryer, and the duplex units have separate hydro meters. The property has been extremely well looked after over the years with many updates and improvements completed throughout. A freestanding carport with lockable storage units and power provide additional utility and storage. With steady rental history, flexible lot configuration, and strong income, this is a great opportunity for investors looking to add doors to their portfolio.
Property Details
MLS #:
1027373
ID #:
30706536
Type:
Residential
Sub-Type:
Quadruplex
Area:
Port Alberni
Sub-Area:
PA Port Alberni
Status:
Active
Lot Size:
0.22 acres
Property Tax:
$5,347 (2025)
Days on Market:
60 days
Room Details
Bedroom
Dimensions: Measurements not available x 8 ft
Bedroom
Dimensions: Measurements not available x 8 ft
Eating area
Dimensions: 15\'8 x 10\'6
Kitchen
Dimensions: 12\'10 x 10\'5
Kitchen
Dimensions: 11\'2 x 12\'3
Kitchen
Dimensions: 11\'2 x 12\'5
Laundry room
Dimensions: Measurements not available x 4 ft
Living room
Dimensions: 11\'6 x 18\'11
Living room
Dimensions: 14 ft x Measurements not available
Living room
Dimensions: Measurements not available x 12 ft
Primary Bedroom
Dimensions: 17\'8 x 10\'4
Primary Bedroom
Dimensions: 11\'4 x 10\'5
Primary Bedroom
Dimensions: 11\'7 x 10\'6
Listing provided by Royal LePage Island Living (PK)
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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