Exceptional opportunity to acquire two townhome rental buildings comprising 33 units, offering substantial rental upside in the growing town of Port McNeill on Vancouver Island, BC. Both properties enjoy prime locations within Port McNeill. 2235 Mountview Crescent is situated directly beside Sunset Elementary and North Island Secondary School, making it ideal for families. This property showcases panoramic north facing ocean views. Meanwhile, 2801 Mine Road is positioned next to Port McNeill Hospital, offering strong appeal for healthcare workers and residents alike. Each site provides convenient access to the town's amenities, services, businesses, and schools. Investment highlights include: current rental rates are below market, as demonstrated by the rent roll compared to more recently secured rents-offering a strong value-add opportunity for investors seeking upside potential; and the buildings have been well maintained by current owner. Cap rate is 7.85
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale Price
Listing General Location:
NI Port McNeill, North Island
Bathrooms:
-
(Full:-/Half:-)
Taxes:
$14,749 /
2025
Commercial Area:
Not Applicable
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
868000.0
Assessment year:
2025
Jurisdiction name:
Town of Port McNeill
Legal Description:
LOT A, PLAN VIP24688, SECTION 18, TOWNSHIP 1, RUPERT LAND DISTRICT
2801 MINE RD PID 000-262-871 LOT A, PLAN VIP33880, SECTION 18, TOWNSHIP 1, RUPERT LAND DISTRICT
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Listed by Colliers International (Nan)
Data was last updated July 1, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$799,400
Min list price:
$99,500
Max list price:
$4,450,000
Avg days on market:
100
Min days on market:
8
Max days on market:
1,072
These statistics are generated based on the current listing's property type
and located in
North Island. Average values are
derived using median calculations.
