1/11601 Fir St, Alert Bay
601 Fir St, Alert Bay, BC V0N1A0
$399,000 total
4,500 SF
Asset Class
Multifamily
Size
4,500 SF
Building class
B
Zoning
RF6 — Medium Density
$ / SF
$89
Occupancy
92%
Year Built
1966
Lot Size
0.28000459136822775 ac
About this property
Rare oceanfront investment opportunity in historic Alert Bay, just off Vancouver Island. This well maintained six unit apartment building offers sweeping 180 degree views from every suite. Each unit features 2 bedrooms and 1 bathroom, with strong rental appeal and excellent income potential. The property has enjoyed zero vacancy for the past 10 years, reflecting steady demand in this unique coastal community. A solid holding property with beautiful setting, stable tenancy and long term upside. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$16K
Annual cash flow
$-6K
Cash-on-cash
-5.17%
DSCR
0.72
Going-in cap
3.99%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Prairie Coffee Roasters | 4,149 SF | 2030-03 |
Area demographics
Trade area within 3 miles of the property.
Population
90,186
Households
38,207
Median income
$123,000
Median age
37.4
Daytime population
116,874
5-yr growth
2.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 601 Fir St, Alert Bay.
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.