THREE ADDRESSES, TWO HOUSES, MULTIPLE SUITES, INVESTMENT PROPERTY. Strong revenue property generating $6,150 per month with a 5.47% cap rate, offering solid income potential for investors. Long-term tenants are already in place and would like to stay, providing immediate and 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.
Address
3291 3rd Ave
List Price
$945,000
Property Type
Residential
Type of Dwelling
Quadruplex
Transaction Type
Sale
Area
Port Alberni
Sub-Area
PA Port Alberni
Bedrooms
9
Bathrooms
4
Floor Area
3,418 Sq. Ft.
Lot Size
8250 Ac.
Lot Size (Acres)
0.22 Ac.
Year Built
1927
MLS® Number
1027373
Listing Brokerage
Royal LePage Island Living (PK)
Basement Area
Crawl Space
Postal Code
V9Y 4C9
Tax Amount
$5,347.00
Tax Year
2025
Features
Aluminum Frames, Baseboard, Electric, Heat Pump, Insulated Windows, Mixed, Vinyl Frames
Amenities
Central Location, Cul-De-Sac, Easy Access, Low Maintenance Yard, Shopping Nearby, Sidewalk, Storage Shed, Workshop