$895,000
FOR SALE

Fourplex

Bedrooms: 9Bathrooms: 4

3291 3rd Ave
Port Alberni, BC V9Y 4C9

MULTI-UNIT LISTING IN PORT ALBERNI, THREE ADDRESSES, TWO HOUSES. Strong revenue property generating $6,150 per month with a 5.78% cap rate, offering solid income potential for investors. Long-term tenants are already in place and would like to stay, providing a 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. (id:47421)
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Listed By Royal LePage Island Living (PK)
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 1027373
Last Updated Apr 23, 2026
Property Summary
Property Type Fourplex

More like this:
Neighbourhood Port Alberni
Price History

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Detailed Information
Bedrooms 9
Bathrooms 4
Features Central location, Cul-de-sac, Other
Listing Contract Date 2026-03-06
Municipal ID 004-654-315
Ownership Type Freehold
# of Parking Spaces 1
Property Type Single Family
Structures Shed, Workshop
Transaction Type For sale
Views Mountain view, Ocean view
Zoning Description R
Zoning Multi-Family
Building
Constructed Date 1927
Cooling Type Air Conditioned
Heating Fuel Electric
Heating Type Baseboard heaters, Heat Pump
Type Fourplex
Rooms
Room Level Dimensions Notes
Attic (finished)Second level6' x 12'
Utility roomLower level6'11 x 13'3
Primary BedroomLower levelMeasurements not available x 13 ft
KitchenLower level6'3 x 11'2
Dining roomLower level11'6 x 16'2
BedroomLower level10'10 x 13'5
BedroomLower level10'11 x 13'3
BathroomLower level3-Piece
Primary BedroomMain level17'8 x 10'4
Living roomMain level11'6 x 18'11
KitchenMain level12'10 x 10'5
Eating areaMain level15'8 x 10'6
BedroomMain level8'7 x 9'4
BathroomMain level3-Piece
Primary BedroomOther11'4 x 10'5
Primary BedroomOther11'7 x 10'6
Living roomOther14 ft x Measurements not available
Living roomOtherMeasurements not available x 12 ft
Laundry roomOtherMeasurements not available x 4 ft
KitchenOther11'2 x 12'3
KitchenOther11'2 x 12'5
BedroomOtherMeasurements not available x 8 ft
BedroomOtherMeasurements not available x 8 ft
BathroomOther4-Piece
BathroomOther4-Piece
Land
Total Size 8250 square feet
Size of Irregular Land 8250

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