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Investment signal

$385,900

4021 8th Ave

Beds

Baths

Sqft

—

Year

1947

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

This charming home features 1,050 sq. ft. on the main level, offering 2 bedrooms, a spacious 4-piece bathroom, a bright kitchen, a separate dining room, and a generous living area complete with an electric fireplace. Upstairs, you’ll find a bonus 3rd bedroom - ideal for guests, hobbies, or extra storage. The fully fenced property is a true oasis, showcasing lush gardens, multiple decks off the kitchen, and an abundance of mature fruit trees, including Asian pears, cherries, apples, plums, and wine grapes. Enjoy added convenience with a detached garage, carport, and RV parking. Perfect for first-time buyers or as an investment opportunity, this home is conveniently located close to schools, the aquatic centre, and local parks - offering the ideal blend of comfort, space, and location. (id:65958)

Subtype: Single Family
Structure: House
Community: Port Alberni
Common interest: Freehold
Living area: 1,400 square feet
Lot size: 7,500 square feet
Lot dimensions: 7500
Parking: 2 total
Fireplace: 1
On market: Mar 20, 2026
Status changed: Apr 16, 2026
Annual tax: $3,320
Zoning: Residential
Photos: 13
MLS#: 1029320
Area: PORT_ALBERNI

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airNatural gas

Cooling

None

Lot

Central locationLevel lotPark settingOtherMarine Oriented

View

Mountain view

Negative cash flow ~$353/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-5.49%

Cap rate

4.79%

GRM

13.4

Break-even rent

$2,772

Financing

Down payment$77,180

Loan amount$308,720

Mortgage$1,894/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$177

Insurance$80

Maintenance$322

CapEx reserve$161

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $1,894/mo at 5.49% with 20% down, 25-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 16, 2026.