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Investment Highlights

  • Six-unit multifamily building in the downtown Port Alberni area.
  • Reliable tenant community with longstanding occupancy history.
  • Ongoing building upkeep and upgrades supporting operational durability.
  • Coin-operated common area laundry generating supplemental income.
  • Proximity to major waterfront residential projects driving area growth.

Executive Summary

This six-unit multifamily investment property offers an attractive opportunity in the heart of Port Alberni. Recently experiencing a price reduction, the asset combines affordability with strong fundamentals, including consistent revenue streams and a steady tenant base. Operational efficiencies are enhanced through long-term resident tenant management, minimizing daily oversight needs for ownership.
The property has undergone regular maintenance and building upgrades, ensuring sustained performance and appeal. A common area coin-operated laundry provides additional income potential and convenience for tenants. Located steps from major waterfront residential developments, the site positions investors to benefit from the ongoing revitalization of downtown Port Alberni. This growing area continues to draw new investment, positioning the property for long-term upside.
All showings are by appointment only. Financial details are available to qualified buyers upon execution of a non-disclosure agreement.

Property Facts

Price $639,000 CAD
Price Per Unit $106,500 CAD
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.11 AC
Building Size 4,880 SF
No. Stories 2
Year Built 1948
Zoning C2 – General Commercial - C2 – General Commercial

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 6 - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 40269313

  • Date on Market: 2026-04-23

  • Last Updated:

  • Address: 4926 Redford St, Port Alberni, BC V9Y 3P1

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