








































1/423203 2nd Ave, Port Alberni, BC V9Y4C5
$299,900 total
2,022 SF
Asset Class
Specialty
Size
2,022 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$148
Occupancy
84%
Lot Size
0.0946969696969697 ac
Discover the possibilities at 3203 2nd Ave, a centrally located commercial property in the heart of downtown Port Alberni. Situated on a versatile C7-zoned lot, this property offers an exciting range of commercial and service uses, including hotel/hostel, live-work, and multi-residential dwelling opportunities. The property currently features an approximately 2000 sq. ft. older commercial building with garage/workshop space and a full bathroom on the lower level, plus future potential for a charming 1-bedroom, 1-bath caretaker suite/apartment above. This level offers stunning inlet and mountain views, adding an appealing lifestyle element to this versatile property. With some continued work from the Buyer and the necessary City approvals, this could become an ideal live-work property for an owner-operator looking to combine their business and home in one convenient downtown location. Back-alley access provides additional flexibility and potential for a detached shop or garage, subject to City approval. The building is currently powered by solar and backup generators, while having been connected to BC Hydro in the past. Located just a couple of blocks from the bustling Harbour Quay and close to the area of the potential future Waterfront development, this property offers an attractive entry point for an investor, entrepreneur, or developer looking for a property with flexibility, character, and significant future potential. A rare opportunity to secure a downtown commercial property at an accessible price point with multiple avenues for future use and development. Bring your ideas and explore the possibilities at 3203 2nd Ave! (id:66811)
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Monthly debt service
$1K
Projected NOI
$19K
Annual cash flow
$2K
Cash-on-cash
2.45%
DSCR
1.13
Going-in cap
6.28%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 1,044 SF | 2028-01 |
| Meridian Health Group | 403 SF | 2028-01 |
| Meridian Health Group | 400 SF | 2028-12 |
Trade area within 3 miles of the property.
Population
62,539
Households
26,683
Median income
$117,000
Median age
32.6
Daytime population
73,606
5-yr growth
7.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 3203 2nd Ave, Port Alberni.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.