affordable family rental in fast-growing LNG market
- 18-unit building with updates
- Steps from park & amenities
- Fort St. John growth market
listing
description
Alpine Lodge is an 18-unit rental apartment building in a central, family-oriented pocket of Fort St. John — adjacent to green space and walking distance to schools, shops, and amenities. With a strong suite mix (over half two-bedroom units), this property offers stable rental income with upside through continued unit renovations. The roof was recently replaced, and major mechanical systems have been upgraded over the past decade.
Despite operational challenges, the property was acquired at an attractive basis — offering secure cash flow today with long-term growth potential in one of Canada’s most dynamic resource-driven markets.
investment
thesis
This acquisition delivered stable income and value-add potential in a supply-constrained, high-demand rental market — with strategic positioning for long-term housing affordability in this LNG-led growth market in Northern B.C.
policy
context
The property is zoned RM-2 (Medium Density Residential) and is situated within Fort St. John’s urban residential area. While no immediate redevelopment is planned, the underlying zoning permits low-rise multifamily use and supports the site’s current rental configuration. The stable policy environment and growing infrastructure investment enhance long-term value security.
buyer
appeal
The buyer intends to modernize the building while preserving long-term affordability. Key upgrades include energy-efficiency retrofits designed to reduce operating costs over time, as well as exterior and common area improvements that will enhance safety, livability, and curb appeal.
These upgrades — combined with market momentum from the region’s LNG boom — position the building for a rare combination of strong long-term returns and strong affordability. With Fort St. John expected to be among the fastest-growing communities in Canada, this acquisition reflects both a tactical purchase and a forward-looking portfolio strategy.
Strong rental upside
Upgrades underway
High-growth market
specifications
Sold Price: $1,450,000
Lot Size: 20,702 SF (0.48 acres)
Zoning: RM-2
Address: 10304 95 Avenue, Fort St. John, BC
Year Built: 1979
Total Units: 18
Rentable Area: ~13,830 SF
Suite Mix: 1 x Bachelor, 7 x One-Bedroom, 10 x Two-Bedroom
Construction: Wood Frame, Concrete Slab, Wood Siding
Windows: Dual Single-Pane Storm, Aluminum Frame
Mechanical: Natural Gas Boilers (replaced ~2007), Hot Water Tank (replaced 2017), 200 Amp Service, Copper Wiring
Other Upgrades: Roof (2013), Flooring (2018), Car Plug-Ins (2021), Multiple Appliance and Window Replacements
Insuite Improvements: 6 fully renovated units, 2 partially renovated