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Investment signal

$385,900

4021 8th Ave

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Beds

Baths

Sqft

—

Year

1947

Type

Single Family

Suite

Investment signal

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Location 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.

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 ~$23/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-0.37%

Cap rate

4.79%

GRM

13.4

Break-even rent

$2,425

Financing

Down payment$77,180

Loan amount$308,720

Mortgage$1,564/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: 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 $1,564/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 16, 2026.