Prime Government-Leased Investment Opportunity in Port Alberni
This centrally located downtown building features two long-term government tenants, offering exceptional stability and income potential. The Government of Canada occupies approximately 4,377 square feet, while the Province of British Columbia leases 10,382 square feet—housing Service Canada and WorkBC offices.
With excellent street exposure, ample parking, and easy accessibility, this property is ideally positioned in the heart of Port Alberni’s commercial core. The current proforma demonstrates a strong return, with projected cap rates in excess of 7%. A rare opportunity to secure a worry-free, government-backed income stream in a growing Vancouver Island market.
Property Type:
Commercial Sale
Type:
Office
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
PA Port Alberni, Port Alberni
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0.687 acre(s)0.28 hectare(s)
Taxes:
$15,000 /
2024
Building Features:
Parking
Construction:
Block, Insulation: Ceiling, Insulation: Walls
Number of Storeys:
1
Floor finish:
Mixed
Total Building Area:
14,759 sq. ft.1,371 m2
Leasable Area:
14,759 sq. ft.1,371 m2
Commercial Area:
Not Applicable
Subdivisable Area:
No
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Low Maintenance Yard
Main Level
0
Yes
No
Unrestricted
Financing Notes:
3% 100k & 1.5% bal if first physically introduced if not $5,000
Assessed:
2059000.0
Assessment year:
2025
Jurisdiction name:
City of Port Alberni
Legal Description:
LOT A, PLAN VIP72380, DISTRICT LOT 1, ALBERNI LAND DISTRICT
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Listed by Royal LePage-Comox Valley (CV)
Data was last updated May 12, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
45
Avg list price:
$749,990
Min list price:
$125,000
Max list price:
$6,800,000
Avg days on market:
62
Min days on market:
3
Max days on market:
325
These statistics are generated based on the current listing's property type
and located in
PA Port Alberni. Average values are
derived using median calculations.