3807 5th Ave, Port Alberni, British Columbia

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.