9303 102 Avenue
9303 102 Avenue
- 9303 102 Avenue, Fort St. John, BC
- 9303 102 Avenue, Fort St. John, BC
- Zoning
- RM-4
- PID
- 028-923-871
- Gross income multiplier
- $1,682,800
- Legal description
- LOT B, PLAN BCP51309, SECTION 6, TOWNSHIP 84, RANGE 18, MERIDIAN W6, PEACE RIVER LAND DISTRICT
Macdonald Commercial is proud to present the opportunity to acquire a newly constructed, wood frame, 78-unit purpose-built rental building as well as 2.15 acres of serviced vacant land that is zoned for the construction of a sister building. This unique opportunity offers an ideal combination of rental income upside and development upside in the surging multi-family rental
market of Fort St. John, BC. A Purchaser can enjoy cash flow from the existing well-built, modern, state-of-the-art apartment building while simultaneously constructing the sister building on the vacant portion of the property.
The subject property is located along 102 Avenue, three blocks east of 100 Street, one of the main commercial streets in Fort St. John. This location offers close proximity to restaurants, grocery stores, and other shops, services and amenities. North Peace Regional Airport is less than a 10-minute drive from the property.
Built in 2016, the subject property is improved with a six-storey apartment building featuring 78 residential rental units. Parking is provided to the west and south of the building.
» Two Venture elevators
» Suites and common areas accessed by keyless fob entry system
» Heat and hot water provided by two A.O. Smith Burkay Copper Coil Boilers and two hot water tanks
» Individual electric meters billed directly to tenants
» Tenants are invoiced separately each month for water: $50/single, $100/two or more
» 120 surface parking stalls at $50/month. Unassigned stalls for tenants and guests
» Electrical receptacles in the parking lot for block heaters
» Building features 5 furnished suites
» TELUS fibre optic connection offering high speed internet and cable
Known as the “Energetic City”, Fort St. John is known for its abundance of natural resources, including forestry, oil, natural gas, mining, and agriculture. This coupled with it being the largest city in Northeastern BC draws a multitude of workers, investors, and entrepreneurs to the city. Fort St. John is also located less than two hours by air from both Calgary and Vancouver, making travel to and from relatively easy.
