Property Type: OtherOwnership: Freehold

601 Fir St

Alert Bay, BC V0N1A0

$399,000

6 parkingBuilt 1966
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Property Details

Property & Lot

Sub-type
Multi-Family
Lot size
12,197 square feet
Zoning
Unknown

R2

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$3,110

Interior

Heating
Electric
Cooling / A/C
See Remarks
Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Total spaces
6

Listing Information

MLS®
1040399
Listed
June 16, 2026
Time on market
On the market for 76 days
Data last synced
August 28, 2026

Listing provided by: Interlink Realty · Data source: CREA DDF.

Description

Rare oceanfront investment opportunity in historic Alert Bay, just off Vancouver Island. This well maintained six unit apartment building offers sweeping 180 degree views from every suite. Each unit features 2 bedrooms and 1 bathroom, with strong rental appeal and excellent income potential. The property has enjoyed zero vacancy for the past 10 years, reflecting steady demand in this unique coastal community. A solid holding property with beautiful setting, stable tenancy and long term upside. (id:63159)

Location Insights

Weather

Nearest station: Port Hardy

Mostly Cloudy

14°C

Mostly Cloudy

Humidity 96%

Wind N 2 km/h

Tonight

10°

Tuesday

17°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

831

(2021 Census)

-11.5% since 2016

Density: 198.3/km²

Dwellings: 441

Median household income: $57,177

After-tax: $54,616

Immigrant population: 12.9%

Top countries of origin (% of total population)

  • United Kingdom3% · 25
  • United States of America1.8% · 15

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Alert Bay ElementaryElementary661 m
T'lisa̱lagi'lakw School(Independent)Elementary2.7 km
A J Elliott ElementaryElementary8.9 km
Sunset ElementaryElementary11.3 km
North Island SecondaryElementary11.9 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Vancouver Island North (SD85)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$259.17
Total monthly cost$2,318.54
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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