$ 2.789.999

571 Albert St, Nanaimo

  • Type: Townhouse
  • Added: 204 days ago
  • Updated: 65 days ago
  • Last Checked: 14 hours ago
Vendor Financing Available; Seize the opportunity to invest in a lucrative venture with this meticulously maintained 10-unit building, constructed in 2019 and boasting a robust rental income exceeding $10,000+utilities. Situated in a prime location, this property enjoys proximity to an array of amenities, including transit hubs, ferries, float planes, shopping centers, malls, schools, parks, & churches. 100%occupancy & waitlist for tenancy, underscores the desirability of this investment. Beyond its strategic location, the building is distinguished by its impeccable management, cleanliness, and a roster of exemplary tenants. With the seller retiring, an enticing option for vendor financing further enhances the appeal of this offering. Whether you're a seasoned investor or aspiring landlord, this opportunity promises to bolster your rental portfolio and generate passive income. Secure your foothold in the thriving rental market by capitalizing on this exceptional investment opportunity. All meansurements from BC assessment, buyer to verify if fundamental to purchase. (id:1945)
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Property DetailsKey information about 571 Albert St

  • Structure Type: Multi-Family
  • Building Area Total: 6000

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 571 Albert St

  • Lot Size Units: square feet
  • Lot Size Dimensions: 6623

Location & CommunityUnderstand the neighborhood and community

  • Common Interest: Freehold

Business & Leasing InformationCheck business and leasing options available at 571 Albert St

  • Business Type: Accommodation, Other

Tax & Legal InformationGet tax and legal details applicable to 571 Albert St

  • Zoning: Unknown
  • Tax Annual Amount: 10745

Additional FeaturesExplore extra features and benefits

  • Number Of Units Total: 10
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Nearby Listings Stat

Active listings
171
Min Price
$23
Max Price
$5,899,000
Avg Price
$820,896
Days on Market
79 days
Sold listings
71
Min Sold Price
$78,800
Max Sold Price
$1,950,000
Avg Sold Price
$616,954
Days until Sold
71 days

Nearby Places

Name
Type
Address
Distance
Nanaimo (electoral district)
This riding was created as Nanaimo riding in 1903 ...
0.0 km
Nanaimo (provincial electoral district)
Nanaimo is a provincial electoral district for the...
0.1 km
Mambo Gourmet Pizza
Restaurant
16 Victoria Crescent
0.2 km
Nanaimo
It is known as "The Harbour City." The City was pr...
0.2 km
ACME FOOD CO
Restaurant
14 Commercial St
0.2 km
The Keg Steakhouse & Bar - Nanaimo
Restaurant
350 Robson St
0.2 km
Thrifty Foods
Grocery or supermarket
650 Terminal Ave
0.3 km
Firehouse Grill
Bar
7 Victoria Rd
0.3 km
Nanaimo Museum
Museum
100 Museum Way
0.3 km
Nanaimo railway station
The station was a stop on Via Rail's Victoria – Co...
0.3 km
Bistro Taiyo Japanese Restaurant
Restaurant
321 Wesley St
0.4 km
Mon Petit Choux
Restaurant
101 Commercial St
0.4 km
Additional Information about 571 Albert St

This Townhouse at 571 Albert St Nanaimo, BC with MLS Number 962439 listed by Nita Sihota - Sutton Group-West Coast Realty (Nan) on Nanaimo market 204 days ago at $2,789,999

We have found 1 Townhomes that closely match the specifications of the property located at 571 Albert St with distances ranging from 2 to 4 kilometers away. The prices for these similar properties vary between 3,000,000 and 3,000,000.

The current price of the property is $2,789,999, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 18% down payment, the total amount borrowed would be $2,287,799. This would result in a monthly mortgage payment of $13,047 over a 25-year amortization period.

More Details?
Nita Sihota
  • Nita Sihota
  • Sutton Group-West Coast Realty (Nan)
  • WebSite

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Comparison of 571 Albert St, Nanaimo, BC with Nearby Townhouses
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Ladysmith Homes for Sale 124 $890.270
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Qualicum Beach Homes for Sale 124 $983.678
Chemainus Homes for Sale 57 $874.517
Gibsons Homes for Sale 125 $1.321.862
Popular Cities Listings Avg. price
West Vancouver Homes for Sale 343 $4.428.105
Vancouver Homes for Sale 3076 $2.125.947
North Vancouver Homes for Sale 566 $1.720.540
Richmond Homes for Sale 955 $1.595.086
Burnaby Homes for Sale 943 $1.416.492
New Westminster Homes for Sale 343 $1.272.037