1051 Chamberlin Ave, Prince Rupert - Apartment Buildings For Sale

1051 Chamberlin Ave, Prince Rupert Northern BC

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Property type: Apartment Building

Value-add investment property for sale at 1051 Chamberlin Ave Prince Rupert. Re-zoning is approved for a rental building for residents aged 55+.

Many improvements have already been completed. A state-of-the-art metal roof was installed in 2016, windows have been replaced, exterior aluminum was re-painted and concrete accessibility ramps were installed at all entrances.

The interior is ready for renovation. Drywall repairs and repainting of rooms has been completed. All flooring and fixtures that require replacement have been removed. The interior floors, kitchens and bathrooms are ready for refurbishing.

Restaurant and lounge features beautiful exposed wood beams and skylight. A lobby, reception area and office welcome future residents at the entrance. A large common area on the second floor is ready for your design ideas.

The building is home to 34 bachelor units and 2 one-bedroom suites. Architect designs and renderings are available.

Rent furnished rooms for 55+ residents and offer meal services. Cap rate projections from 10.69% to 14.48% after renovation.

Financials projections are available for the qualified purchaser. Inquire for more details.

Reports Available

Development Permit Application
Architectural Drawings and Renderings
Environmental Phase I

Property Identification

Address: 1051 Chamberlin Avenue, Prince Rupert, B.C.

PID(s): 004-190-815

Legal Description: Lot 2 District Lot 251 Range 5 Coast District Plan PRP11628

Also for sale is Digby Tower, 200 Sherbrooke Ave, Prince Rupert, a flagship high-rise building.

Suite Mix

Bachelor
One Bedroom

Building Features and Finishes

Construction

Concrete Perimeter Foundation
Wood Framing
Aluminum Siding Exterior
Unfinished Basement
Metal Roof (New 2016)
Double Pane Windows (New!!)
Asphalt Parking Surface

Mechanical

Electric Baseboard Heat
2 Electric Domestic Hot Water Tanks

Utilities

City of Prince Rupert Water, Sewer, Storm Sewer
BC Hydro and Power Authority Electricity

Amenities

Restaurant and Dining Lounge Area
Large Upstairs Common Area
50+ Parking Spaces
Shared Laundry
Public Bathrooms on Main Floor and Upstairs

Kitchens

Renderings Available (see photos)
Laminate Flooring
Appliances
Wood Cabinets
Laminate Counter-Tops
Lighting

Bathroom(s)

Renderings Available (see photos)
Handicap Accessible Bathrooms
Laminate Counter-Tops
Wood Cabinets
Bathtub and Toilet Fixtures

Prince Rupert Economy

Prince Rupert is one of the the quickest and cheapest routes to transport goods from Asian factories into the American heartland. And leaving Prince Rupert, container ships are filled with Canadian lumber and grain destined for the world’s fastest-growing markets.

Prince Rupert’s proximity to Asia is a substantial advantage. It’s up to 58 hours closer by sea than any other North American entry point. As a result, shippers can make an additional round-trip voyage every year.

In 2017, Port of Prince Rupert’s shipping volumes jumped 28 per cent to 24 million tons, a record year!

DP World recently invested $200 million in expanding their facilities. The terminal can now accept the largest vessels at sea. Himalayas, the largest ship ever to dock at a Canadian port, docked in Prince Rupert.

Investors in Prince Rupert real estate will gain from the next Phase II of the DP World Expansion Project.

Discover the benefits of investing in coastal region in Northern Development Initiative’s “State of the North” Report

And finally, discover the benefits of investing in a coastal shipping community in the “Port of Prince Rupert Economic Impact Study”

Prince Rupert Rental Market

Prince Rupert vacancy rate is 5% in 2018.

View Details

Seth Baker

Managing Broker & Owner

Phone: (778) 235-9293

Fax: (778) 650-0350

Email: seth@multifamily.ca

Address: 119 W Pender St, Suite 104

: Vancouver, BC, V6B 1S5

Combine bold entrepreneurship, unique data analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services, Seth takes on challenging responsibilities, such as founding his own real estate brokerage company and selling some of the world’s most valuable apartment buildings. He is a master communicator and skillful analyst. His impressive technology background allows him to maintain priceless market data while building powerful relationships with multifamily investors and developers. Ask him about how to get people to agree. It’s his secret talent. Seth Baker has led an impressive career in real estate brokerage. He is personally responsible for more than $75,000,000 in real estate sales, a number that’s growing daily. He has contributed to a number of industry organizations including LandlordBC, Vancouver Board of Trade, BC Non-Profit Housing Association, Greater Vancouver Home Builders Association and Urban Development Institute. He received his Managing Broker’s Licence through UBC’s…