a family legacy realized through care, diligence, and respect

sold

14 Oct

25-unit apartment building
family legacy with once-in-a-generation sale

            $1,360,000
            sold
        
            address
            110 Bowron Ave, Quesnel, BC
        
            lot size
            19,602 SF
        
            units
            25
        
            year built
            1965
        
            cap rate
            6.97%

listing
description

Fircrest Apartments at 110 Bowron Avenue was more than a multifamily investment — it was the product of decades of dedication by a proud family who built their life, business, and future in this community. After years of hands-on ownership and care — including professional-grade renovations completed by one of the family members, a contractor by trade — the building stood as a testament to their hard work, skill, and perseverance.

When the time came to sell, the next generation played an active role in every step of the process. From listing strategy and valuation to negotiation and final decision-making, it was a true multigenerational effort. My role was to honour that dynamic — providing clear, respectful communication, supporting the family’s goals, and ensuring everyone felt heard.

This wasn’t just a transaction. It was a moment of transition — a well-earned exit that honoured years of personal sacrifice and smart stewardship. We closed the deal with integrity, clarity, and deep mutual respect — helping the family realize the full value of what they had worked so hard to build.

investment
thesis

A clean, well-maintained apartment in downtown Quesnel with no deferred maintenance, full occupancy, and consistent income — ideal for long-term hold investors seeking stable returns.

policy
context

Zoned MU2, the property sits on a prominent corner lot on Bowron Avenue, Quesnel’s primary commercial corridor. The zoning supports multifamily residential and mixed-use potential, aligning with the town’s central area development policies and long-term housing strategy.

buyer
appeal

Buyers saw value in the building’s clean presentation, stable tenancy, and the integrity with which it had been maintained. But what made the transaction work was the clarity, transparency, and respect with which it was executed.

As listing broker, I provided patient guidance, managed multigenerational input, and honoured the legacy of what the sellers had built — helping them exit on their own terms, and ensuring their investment ended as successfully as it had begun.