sub-$2m deal in LNG hub — sold through transparency and market reach
- 18-unit cash flow building
- sold with supporting data, not just opinion
listing
description
Crestview Apartments is an 18-unit, three-storey apartment building located in an established residential neighbourhood in Dawson Creek — just steps from parks, schools, and five minutes from the core retail and commercial district. The building had undergone significant capital upgrades prior to sale, including a new roof (2018), new boiler and domestic hot water tank (2016), new pumps, fire panel, and other common area improvements — reducing operating risk and ensuring stability for the next owner.
At a price point under $2 million, this was a rare opportunity in a high-growth, LNG-driven market with reliable cash flow and long-term tenancy. We brought the deal to MLS to attract out-of-region buyers, and promoted it through direct outreach to our network, email campaigns, and broker syndication across British Columbia.
What made this deal stand out was the clarity of communication. Rather than relying on in-house projections alone, we supported our marketing with third-party reports and independent data — proving the value of the opportunity through credible sources. This built buyer confidence and led to a smooth close with a qualified out-of-town buyer.
investment
thesis
A stable, well-located multifamily building in a regional hub poised for growth. Major mechanical systems replaced, tenant-paid electricity, and consistent long-term occupancy made this a strong cash-flow investment with minimal near-term capital exposure.
policy
context
Zoned for multifamily residential, the site is situated on a 0.51-acre parcel in a quiet residential area surrounded by schools, parks, and transit. With LNG Canada’s Coastal GasLink pipeline bringing growth to Dawson Creek, the long-term outlook remains strong for both rental demand and asset appreciation.
buyer
appeal
The buyer — from outside the region — appreciated the clarity of the offering. All financials were supported with citations, rent rolls, and third-party economic data. We managed the process with transparency, giving buyers real reasons to trust the numbers. Combined with recent upgrades and a proven rental history, that transparency helped unlock a confident acquisition in a new market.
Major mechanical upgrades
Strong rental history and cash flow
Marketed with data-backed credibility
specifications
Sold Price: $1,348,000
Total Units: 18
Suite Mix: 1 x Studio, 13 x 1-Bedroom, 4 x 2-Bedroom
Rentable Area: 12,070 SF
Lot Size: 22,230 SF (0.51 Acres)
Year Built: 1970
Zoning: Multifamily Residential
Roof: Torch-On Membrane (2018)
Mechanical: Boiler, Hot Water Tank, and Water Pumps (2016)
Fire Panel: Modern System Installed
Windows: Replaced as Needed
Common Areas: Hallway Carpets (~2014)
Laundry: Shared
Parking: 20 Surface Stalls with Plug-Ins
Legal Description: Lot 1 Block 1 Plan PGP7662 Section 10 Township 78 Range 15 Meridian Land District 44
PID: 014-844-672
Assessed Value (2020): $990,000