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Investment signal

$798,000

288 Albion Cres

Save this home

Beds

4

Baths

3

Sqft

Year

2006

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ucluelet. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This multiunit home is nestled in the Alberni Regional District, just a short 5-minute drive from the town of Ucluelet, BC. This practical property offers a unique opportunity with a 3 bedroom, 2 bedroom and a studio suite. Situated on a generous 0.46-acre lot in the coveted millstream area, residents here enjoy convenient access to the multi-use path, which leads directly into town and to the breathtaking Pacific Rim National Park. Outdoor enthusiasts will delight in the proximity to the picturesque Florencia Beach and Half Moon Bay. Immerse yourself in the natural beauty of the surrounding area while relishing the tranquil atmosphere of being on the outskirts of central Ucluelet. Whether you are seeking an investment opportunity or a peaceful retreat in a coastal paradise, the location and exceptional features of this property make it a must-see. Schedule your private viewing today! This area allows STR w/permit. (id:65958)

Subtype
Single Family
Structure
House
Community
Ucluelet
Common interest
Freehold
Living area
1,248 square feet
Lot size
20,038 square feet
Lot dimensions
20038
Parking
4 total
Fireplace
1
On market
Apr 28, 2025
Status changed
Apr 22, 2026
Annual tax
$3,205.68
Zoning
Duplex
Photos
29
MLS#
996812
Area
UCLUELET

Features and systems

Parking

Stall

Heating

Baseboard heaters

Cooling

None
Negative cash flow ~$878/mo at these assumptions

Cash on cash

-6.60%

Cap rate

3.54%

GRM

16.6

Break-even rent

$4,924

Financing

Down payment$159,600
Loan amount$638,400
Mortgage$3,235/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$366
Insurance$80
Maintenance$665
CapEx reserve$333
Vacancy loss$200

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,235/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.

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