Search Results

The Prince George Apartment Portfolio

Home » All Multifamily Properties » Canada » The Prince George Apartment Portfolio

Address: 2905 15th Ave, Prince George, BC V2M 1T3, Canada

Canada + Apartment Buildings

Created date: November 9, 2024

Date last updated: November 9, 2024

Superb balanced portfolio suite mix comprising 66 bachelor, 69 one-bedroom, 65 two-bedroom & 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 owned and managed with various capital upgrades completed
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
Attractive assumable CMHC financing at 3.68% until 2027
Buildings can be acquired individually or collectively

Property Description

Avison Young is pleased to present 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, storage and telecom. This offering presents an investor an opportunity to acquire superb scale in a rapidly growing and highly desirable rental market.

Unavailable

Request Information

Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$27,500,000
Lot Size:	209.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here