Strathern St, Port Alberni

Investment Details

  • Property Type: Single family home with suite
  • Purchase: April 2017 - Present
  • Purchase Price: $265,000 ($40,000)
  • Current Value: $650,000
  • Revenue: $2,375

About the Investment

This was a newer house (2007 build) with an unfinished basement. A one bedroom suite was finished and now the property cashflows well. After the suite was put it, the property was refinanced and most of the initial capital investment was taken out.

Since the purchase, the area has seen substantial increases in property prices, which has pushed the ROI on this property well above our expectations!

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