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4836 Redford St, Port Alberni

MLS® #1034566
About this Property

Calling all investors and first-time home buyers! This fully updated, income-generating property features two self-contained 2-bedroom, 1-bathroom suites — offering flexibility, strong rental potential, and immediate cash flow. Extensively upgraded throughout, the home includes updated plumbing and electrical, separate hydro meters, and individual 100-amp panels for each suite. The upper suite showcases a bright, inviting layout with a cozy wood-burning fireplace insert in the living room, an updated kitchen with granite countertops, and a beautifully renovated bathroom featuring tile work and a large glass walk-in shower. Enjoy added living space with the enclosed deck — perfect for year-round use. The lower suite offers a near-new kitchen and bathroom, two good sized bedrooms, and excellent functionality for tenants or extended family. Shared laundry is conveniently located on the lower level, and the home has been freshly painted throughout. Outside, you’ll find parking for one vehicle via the side alley, with additional parking potential at the rear with minimal finishing. With projected rental income of approximately $3,400/month ($1,800 upper, $1,600 lower), this property delivers solid returns. Alternatively, live in the upper suite and offset your mortgage with rental income from the lower level. Centrally located within walking distance to shops, amenities, and transit — with a bus stop right outside your door — this is a smart, turnkey opportunity you won’t want to miss. **Please note photos with furniture are virtually staged and photos with grass and exterior lights are AI generated** (id:62865)

Property Information

Status

Active

Year Built

1946

Property Type

House

Ownership

Freehold

Parking Spaces

3

Annual Tax

$4,077

Zoning

Residential

Parcel Number

009-243-267

Data Source

Vancouver Island Real Estate Board

Interior Details

Bedrooms

4

Bathrooms

2

Living Area

2108 square feet

Exterior & Lot

Lot Size

4880.0 sqft

Lot Features

Central locationCurb & gutterOther
Building & Utilities

Heating

Forced air, Natural gas, Wood

Cooling

None

$529,900

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
4Beds
2Baths
2108sqft
Listing Courtesy of

Office

RE/MAX Mid-Island Realty

Mortgage Calculator
$105,980

Loan Amount:

$423,920

Estimated Monthly Payment:

$2,066

This is an estimate for informational purposes only. Consult with a financial advisor.