571 Albert St, Nanaimo

571 Albert St, Nanaimo, BC V9R2W1 Photo 1

6 Photos

571 Albert St, Nanaimo, BC V9R2W1 Photo 2
571 Albert St, Nanaimo, BC V9R2W1 Photo 3
571 Albert St, Nanaimo, BC V9R2W1 Photo 4
571 Albert St, Nanaimo, BC V9R2W1 Photo 5
571 Albert St, Nanaimo, BC V9R2W1 Photo 6
  • MLS®: 934531
  • Type: Townhouse
  • Added: 321 days ago

Property Details

2019 built 10 unit building with rental income of $9983+utilities per month is up for grabs. Close to ammenities, transit, ferries, float planes, shopping, mall, schools, parks, churches is not the only reason this property has almost 100% occupied rate with wait list. The building is really well managed, clean with wonderful tenants in place. Seller retiring, option to vendor financing also available. If you have been looking to build your rental portfolio for passive income, this is the one you need to score. Fully tenanted to viewings are only Friday June 16, 2023 between 10-1 PM. If you plan on viewing without representation, please notify us in advance. Offers if any to be presented June 18, at 5 PM. All measurements from BC assessment are approximate, buyer to verify if fundamental to purchase. (id:1945)

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Property Information

  • Zoning: Unknown
  • Photos Count: 6
  • Business Type: Accommodation
  • Lot Size Units: square feet
  • Structure Type: Multi-Family
  • Common Interest: Freehold
  • Tax Annual Amount: 10585
  • Building Area Total: 5088
  • Lot Size Dimensions: 6623
  • Number Of Units Total: 10
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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
Similar Townhouses Stat in Nanaimo
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, providing a good range for comparison. Moreover, we have also discovered that there are a few open Townhomes in the V9R2W1 postal code area of Nanaimo British Columbia Canada.
571 Albert St mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 571 Albert St. The current price of the property is $2,999,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $2,399,200. This would result in a monthly mortgage payment of $14,024 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 20
Bachelor's degree 70
University / Above bachelor level 15
University / Below bachelor level 10
College 80
Degree in medicine 10
University degree at bachelor level or above 120

Neighbourhood Marital Status Stat

Married 175
Widowed 65
Divorced 100
Separated 40
Never married 260
Living common law 100
Married or living common law 275
Not married and not living common law 465

Neighbourhood Construction Date

1961 to 1980 140
1981 to 1990 40
1991 to 2000 75
2001 to 2005 15
2006 to 2010 50
1960 or before 105
Comparison of 571 Albert St, Nanaimo, BC with Nearby Townhouses
Nearby Cities Listings Avg. price
Lantzville Homes for Sale 62 $1.362.280
Nanoose Bay Homes for Sale 95 $1.542.511
Parksville Homes for Sale 225 $877.222
Sechelt Homes for Sale 146 $1.236.066
Halfmoon Bay Homes for Sale 52 $1.937.929
Lake Cowichan Homes for Sale 63 $1.024.405
Gibsons Homes for Sale 129 $1.119.781
Bowen Island Homes for Sale 60 $1.619.917
Popular Cities Listings Avg. price
West Vancouver Homes for Sale 344 $4.371.918
Vancouver Homes for Sale 2764 $2.142.655
North Vancouver Homes for Sale 477 $1.777.604
Richmond Homes for Sale 741 $1.631.671
Coquitlam Homes for Sale 504 $1.630.567
Burnaby Homes for Sale 841 $1.401.363
Langford Homes for Sale 395 $1.004.626
Surrey Homes for Sale 2560 $1.685.216
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