Centennial Manor, 10413 13 St, Dawson Creek is a stable cash flow apartment building for sale. Actual income of more than $300,000 per year provides a cap rate of 7%!! Return-on-equity in year one is between 12-17%!!!
Where else in British Columbia can you earn such strong cash flow AND benefit from a high-growth market?
LNG Canada’s Coastal GasLink pipeline construction has begun. Dawson Creek already has a strong industry base of agriculture, mining, forestry, oil & gas, construction, manufacturing and tourism. As the LNG industry develops, hundreds of permanent jobs will be created in Dawson. The time to get in is now. Prices are rising (already up 10% y/y) and growth is accelerating.
Centennial Manor is in excellent condition. Recent upgrades include a new elevator, roof, hot water boiler system and domestic hot water system. Hydro meters are individual. Tenants paying their own hydro, cable, internet. Heat and hot water are included in rent. Shared laundry is provided.
As a result of a vibrant economy, years of population increase, and a rapid rise in housing prices, Dawson Creek is a secure rental market with solid prospects for the future.
- Building Condition Report (Pinchin Engineering)
- Environmental Site Assessment Phase I (Pinchin Engineering)
- Demographic Reports (Housing Profile, Income Profile, Etc)