Fully rented & versatile multiple family building in Port Alice with solid commercial tenants. Building has 7 two-bedroom units (all furnished). Units are individually metered adding the potential to stratify/fractionalize.
Foreign Buyer Ban does not apply to this property
+35 photos
Fully rented and versatile multiple family building in the Village of Port Alice.
This multi family building is currently occupied by quality commercial/professional.
The building has seven 2-bedroom, 1-bathroom units plus a large laundry/storage area that could be converted into an 8th unit if desired. All units are fully furnished in last few years with quality furnishings, and each unit is individually metered—adding the potential to stratify the units if desired.
The building is conveniently located across the road from the ocean. The park land immediately across the road currently has a kayak dock/facility being developed to service growing eco-tourism needs in the area. Next to this site is a private yacht club as well as the municipal marina and boat launch as well as close proximity to a mini mall with coffee shop, grocery store and liquor store also nearby. With the location across from the marina facilities, the current owner’s original plans when purchasing the building were to cater to the fisherman/eco-tourists. Port Alice is one of the most scenic communities on the West Coast of Vancouver Island with full services and paved access. The community was recently named, "the Sea Otter Capital of Canada" another strong driver of tourism to the Village. The units are all currently rented and although some of the existing work projects will wind down there is further demand to carry on servicing professionals seeking furnished units as the owner regularly turns away bookings.
However, a bigger growth area and focus by the Village is attracting eco-tourists and fishermen where you could cater to short term stays (the local manager is excellent and interested to stay on) or perhaps some form of fishing club with fractional ownership.
A couple major updates over the last couple years: (1) drainage work around building complete; and (2) a new economical radiant heating system installed drastically lowering heating costs.
Property is available as a share sale. A complete turnkey set up.
1111 Marine Drive - Port Alice, BC
Port Alice is a picturesque coastal village on the northwest side of Vancouver Island, nestled along the sheltered waters of Neroutsos Inlet in Quatsino Sound. Known as the “Sea Otter Capital of Canada,” the community is surrounded by rugged rainforest, dramatic karst landscapes, pristine lakes, and rich marine ecosystems where sea otters, whales, sea lions, and eagles are commonly spotted. With a permanent population of approximately 739 residents, Port Alice transforms during the summer months as anglers, kayakers, campers, and outdoor enthusiasts arrive to enjoy world-class saltwater and freshwater fishing, prawning, wildlife viewing, and wilderness recreation. The area is especially renowned for salmon and halibut fishing, while nearby Marble River is famous for steelhead. The village offers a surprising range of amenities and services for visitors and residents alike, including a marina, campground and RV facilities, grocery store, restaurants, gas station, medical clinic, recreation centre, golf course, hiking and biking trails, and a scenic waterfront sea walk. Adding to the community’s growing appeal as a marine recreation destination, a new kayak dock is being installed to improve waterfront access and support the increasing popularity of paddling and eco-tourism in the sheltered inlet waters.
Please see maps and aerial photos—lines sketched in on aerial images are approximations only.
50°25'30.75"N and 127°29'7.77"W
Fully rented.
7,276 sq. ft. building with seven two-bedroom units. New propane/radiant hot water heating system. Drainage work around perimeter complete. Sea can with generator included.
$5,103.66 (2025)
R2 Residential Multi Unit (Village of Port Alice)
(Note: the site/land size for this property is over 10,000 sq. ft. and thus has its uses expanded to include apartment building and senior housing)
Permitted Uses
Dwelling apartment, Senior Citizen Housing (max density 20 units per acre = 8+ units on land this size (0.42 acres)
Accessory Uses
Home based business
LOT 13 DISTRICT LOT 2137 RUPERT DISTRICT PLAN 17299
PID 001-865-676
+8 maps
Our property descriptions and geographical information are taken from the BC Assessment Authority, Land Titles Office, government maps and other sources. While LandQuest® does not guarantee the information, we believe it to be accurate, but should not be relied upon without verification. This communication is not intended to cause or induce breach of an existing agency agreement.
Port Alice
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