601 Fir St

1 / 11

$399,000

601 Fir St

Alert Bay · MLS® 1040399

4,500 sq ft · 12,197 sq ft lot · House · Multi-family · built 1966 · 133 days on market

listed by Matthew Liang, Interlink Realty

realtor's 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.

property details

type: House, Multi-family
living area: 4,500 sq ft
lot: 12,197 sq ft
parking: 6
year built: 1966
property tax: $3,110 / yr
days on market: 133
MLS®: 1040399

features

Other
Marine Oriented

the market here

listed now: 34 days; median for 3 houses for sale; this one 133 days

Houses in Alert Bay. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$356,000	$2,904

The listing shows $3,110 a year in property tax.

Estimate: the BC Assessment value times Alert Bay's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

monthly cost

$1,998/mo

Mortgage $1,738 · Tax $259

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,738/ monthly

loan $319,200

25-year amortization

down payment20% · $79,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $202,321
property transfer tax: $5,980; BC general rate
cash to close: $85,780; down + PTT
total paid: $521,521

first-time buyernewly built

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

location

lot outline: 1,510 m² (16,253 sq ft) · PID 000-656-216. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Alert BayGoogle Maps ↗

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601 Fir St

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