4571 Pemberton Rd

Description

Well-maintained 42-unit, 3-storey apartment building on a 63,597 sq. ft. lot in Port Alberni. Strong investment opportunity with significant upside potential as current rents are below market and vacancy remains extremely low at 1.5% (CMHC Oct. 2024). Major upgrades completed in 2018–2019 include exterior envelope improvements with HardiBoard siding, double thermal pane windows, vinyl-covered balconies, and new hot water boilers. Features include elevator service, electric baseboard heating with individually metered suites, 3-phase 1,600-amp electrical service, fire alarm system, on-site Coinamatic laundry, private balconies/patios, full municipal services, and SBS flat roof updates in 2025. Bonus bachelor suite (#100) rented at $825/month, not included in stated income, offering additional revenue potential. (id:63159)

Property Details

Annual property tax

$33,724.27

Brokerage

Royal LePage Coast Capital - Chatterton

Location Insights

Population

18,259

(2021 Census)

+3.3% since 2016

Density

928.7/km²

Dwellings

8,919

Median household income

$62,800

After-tax

$58,400

Immigrant population

10%

Top countries of origin

• United Kingdom2.4% · 430
• India1% · 190
• Netherlands0.8% · 150
• United States of America0.8% · 140
• Germany0.6% · 115
• Italy0.5% · 85
• Mexico0.3% · 60
• Viet Nam0.3% · 50

Source: Statistics Canada, 2021 Census of Population.

Weather

22°C

—

Humidity 53%

Wind SE 5 km/h

Today

24°

Tonight

12°

Thursday

23°

Thursday night

12°

Friday

18°

Friday night

11°

Source: Environment and Climate Change Canada.