2905 15th Avenue

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Address: 2905 15th Ave, Prince George, BC V2M 1T3, Canada
Created date: June 25, 2024
Date last updated: June 25, 2024
  • Superb balanced portfolio suite mix comprising 66 bachelor, 69 one-bedroom, 65 two-bedroom and 1 three-bedroom unit
  • Significant rental upside with current rents below market rental rates
  • Additional revenue generated from on-site parking, laundry facilities, storage lockers and telecom contracts
  • Institutionally managed, well-maintained and upgraded by the current ownership
  • On-site team manages the properties with regular maintenance, upkeep and cleanliness
  • All 3 properties are on local bus routes connecting residents to shopping, services, amenities and schools
  • Favourable assumable CMHC financing: $14,889,815 | Interest rate: 3.68%

Property Description

Avison Young is pleased to present the opportunity to acquire The Prince George Apartment Portfolio. This is a remarkable opportunity to acquire two concrete and one wood-frame institutionally owned, managed and upgraded rental apartment buildings comprising 201 units in Prince George, BC. The Properties all have significant rental upside with current rents below market rates and feature strong additional revenue from parking, laundry and telecom. This offering presents an investor a remarkable opportunity to acquire superb scale in a rapidly growing and highly desirable rental market.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $28,750,000
No. of Units: 201
Lot Size: 2.95 Sq ft
Opportunity Zone: No
Price per unit: $143,035
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Address: 2905 15th Avenue, Prince George, BC V2M 1T3, Canada
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