strata-titled 42-unit sale with vendor financing secured
- 42 strata-titled units
- 95% all two-bedroom suites
- complex VTB professionally executed
listing
description
Woodgrove Manor — a fully strata-titled, 42-unit apartment building in Quesnel — sold for $3.55 million after significant regional and investor interest. The seller was based in the Fraser Valley and the buyer in Metro Vancouver, highlighting the cross-market scope of this transaction. What made the deal even more unique was the structure: a vendor take-back (VTB) mortgage was negotiated as part of the sale — requiring clear cash flow analysis, financing strategy, and mutual trust.
With all 42 units individually titled, the asset offered rare flexibility for both financing and future exit strategy. My role went beyond marketing: I worked closely with the seller to underwrite the property, model future income, and structure a VTB that made sense for both sides.
In a any market, this kind of deal doesn’t come together without technical knowledge, experience in real-world deal mechanics, and the ability to bridge buyer and seller expectations — the same skills that are essential when structuring complex land transactions in Vancouver’s highly scrutinized development market.
investment
thesis
A fully occupied, strata-titled multifamily asset with no deferred maintenance and high-quality, large-format units — offering secure cash flow today and strategic flexibility tomorrow.
policy
context
Zoned RM-2, the site allows for medium-density multifamily use and supports long-term rental operations. With strata titles already in place, the property offers the unusual ability to operate as a conventional apartment building or transition to individual sales — subject to policy and strata governance — offering institutional-level exit flexibility.
buyer
appeal
The buyer was drawn to the property’s scale, stability, and future optionality through strata ownership. But the key to this transaction was structure — the VTB component required careful modelling and high trust.
I supported the seller with detailed underwriting, amortization analysis, and performance projections to help them feel fully confident in the financing terms. The result: a strong sale price, a secure mortgage position, and a smooth close between parties from opposite ends of the province.
42 strata-titled units
VTB financing secured
Cross-regional buyer match
specifications
Sold Price: $3,550,000
Price Per Unit: $83,286
Total Units: 42
Suite Mix: 40 x 2-Bedroom, 2 x 1-Bedroom
Rentable Area: Approx. 36,600 SF
Lot Size: 1.81 Acres (78,844 SF)
Zoning: RM-2
Year Built: 1980
Parking: 60+ Surface Spaces
Strata Titles: Yes – 42 units (BCS2845)
Legal Description: STRATA LOTS 1–42, PLAN BCS2845, DISTRICT LOT 1229, CARIBOO LAND DISTRICT
Occupancy: 100% Occupied
Upgrades: Roof (2014), Hot Water Tanks (2019), Full Unit Updates (Flooring, Paint, Fixtures, Appliances)
Heat: Electric Baseboards (Tenant-Paid)
gallery
of images
