About This Property
Charming 1935 Character Home with Income Potential & Development Opportunity! Situated on one of two legally subdivided lots, this beautifully updated 1935 character home offers a rare combination of historic charm, modern upgrades, and incredible potential for future development. Boasting expansive views of the Alberni Inlet, Beaufort Range, and Mount Arrowsmith, this property is flanked by two alleyways, providing multiple access points and ample off-street parking. Recently renovated, the home now includes a fully equipped in-law suite with all-new appliances and separate entrances—perfect for extended family or as a mortgage helper. With separate heat pumps, gas hot water on demand, and a 200 Amp electrical service (including 100 Amp panels for each suite), comfort and efficiency are built in. The full-height basement offers even more potential—easily finish it into a third self-contained suite for additional income or extended family living. Whether you're looking to invest, live with rental income, or further develop, this property is loaded with possibilities. Just blocks from all major amenities, including the newly constructed pathway connecting Harbour Quay to Victoria Quay, this location is ideal for convenience and lifestyle. (id:64973)
The $319 per square foot price tag for this 1935 character home in Port Alberni is a fair valuation compared to the city's average of $290 per square foot, making it a competitive option for buyers seeking a blend of historic charm and modern updates. This property's multi-unit potential and generous lot size of 11,375 square feet make it an appealing prospect for developers or investors seeking to capitalize on the growing demand for housing in the Alberni Valley region.
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