record-setting sale closed through expertise and experience

sold

1 Mar

highest sale in market
53-unit asset at 6.13% cap rate
estate sale with legal complexity

            $4075000
            sold
        
            address
            10901 15 St, Dawson Creek
        
            lot size
            50,548 SF (1.39 acres)
        
            zoning
            RM-2
        
            units
            53
        
            year built
            1979 (Renovated 2016)

listing
description

Sunridge Apartments is a 53-unit, elevator-serviced building in Dawson Creek — fully renovated in 2016 with new envelope, windows, balconies, roof, elevator, and interior upgrades. But the real story isn’t just the asset — it’s the complexity of the deal and the precision required to close it.

This was an estate sale, involving multiple stakeholders and added legal oversight. It also set a new high-water mark for multifamily pricing in the Dawson Creek market — requiring careful buyer alignment and a clear articulation of value that extended well beyond the fact sheet. In a market where buyers scrutinize every dollar, it took deep product knowledge and years of experience to communicate why this asset stood apart.

Having sold dozens of buildings like this, I was able to provide the buyer and their agent — someone I’d worked with before — the confidence and context needed to support the price. And that’s what got it done. When deals are complex, precedent-setting, or both, experience matters. A lot.

investment
thesis

A top-tier income property with major capital improvements and no deferred maintenance — positioned for stable, long-term performance and low turnover risk.

policy
context

Zoned RM-2, the property aligns with Dawson Creek’s mid-density multifamily zoning and supports existing use. With 1.39 acres of land, surface parking, and a well-designed four-storey form, the site fits well within the city’s land use goals for urban residential stability.

buyer
appeal

The buyer acquired Sunridge Apartments based on its rare combination of scale, capital upgrades, and consistent net income. But it was the communication around those qualities — the true story behind the asset — that made the difference.

I was able to convey the hidden strengths of the building, contextualize them in the local market, and provide clarity throughout a legally complex estate process. That, combined with an experienced buyer’s agent and a foundation of mutual trust, led to a clean close on a record-setting sale.