clarity in a noisy market — 51-unit northern apartment sold
- strong cash flow and upgrades
- 6 offers from 5 cities
- focused marketing, clear execution
listing
description
Centennial Manor is a 51-unit apartment building in Dawson Creek, B.C., and one of the most well-maintained assets in the region. With recent upgrades including a new elevator, new roof, hot water boiler system, and domestic hot water system, the building was positioned as a stabilized, seniors-oriented cash flow property with no deferred maintenance. But despite its quality, the market environment was anything but simple.
Northern apartment buildings are notoriously difficult to sell — misunderstood by many brokers, underestimated by capital groups, and often drowned out by noise. What made this deal successful was strategic clarity.
Instead of overpromising or broad-blasting the listing, I brought focused marketing and direct communication to serious buyers. I fielded inquiries from across Canada — Vancouver, Victoria, Kelowna, Calgary, and Toronto — and provided grounded, honest assessments of both the building and the market. Thirty-two qualified groups reviewed the deal. Six submitted offers. And we got it closed.
When you strip away the noise, clarity becomes a competitive advantage. That’s what this deal represents. And that’s what I bring to every listing — whether it’s a 51-unit building in Northern B.C., or a land assembly in Vancouver.
investment
thesis
A clean, upgraded, and fully tenanted apartment building delivering strong in-place income in a resource-backed northern economy. Solid long-term hold potential with minimal capex and stable regional rental demand.
policy
context
Zoned for multifamily residential use, Centennial Manor sits on 1.22 acres in a quiet neighbourhood near central Dawson Creek. With a layout well-suited for seniors housing and no foreseeable redevelopment pressure, the property aligns with both the city’s housing needs and investor objectives for long-term retention.
buyer
appeal
This deal succeeded not because of a crowded market, but because of clear execution. I personally handled all buyer inquiries and due diligence, ensuring clean communication, no surprises, and trust on all sides. Buyers were drawn to the strong cash flow, tenant-paid hydro, recent upgrades, and historically full occupancy. But the differentiator was the process: steady, thoughtful, and built on facts — not fluff.
Fully upgraded and stabilized
Seniors-oriented income asset
Clear, direct buyer engagement
specifications
Sold Price: $4,003,500
Total Units: 51
Suite Mix: 1 x Studio, 28 x 1-Bedroom, 22 x 2-Bedroom
Year Built: 1970
Price Per Unit: $78,500
Lot Size: 1.22 Acres
Zoning: Multifamily Residential
Construction: Wood Frame
Roof: New (Pre-Sale)
Mechanical: New Boiler + Domestic Hot Water System
Parking: 50 Surface Stalls with Plug-Ins
Elevator: One, Hydraulic
Utilities: Tenant-Paid Hydro; Heat and Hot Water Included
Laundry: Shared, On-Site
Occupancy at Sale: Fully Tenanted
Assessed Value (2020): $1,719,000
Legal Description: Lot 1 Plan BCP18940 Section 15 Township 78 Range 15 Land District 44
PID: 026-360-942
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