Crestview Apartments for sale at 1617 108 Ave, Dawson Creek.
Built cerca 1970, Crestview is an 18-unit, 3-storey building. Suite mix includes 1 bachelor, 13 one-bedroom and 4 two-bedroom units. Heating is gas-fired hot water boiler. Electricity is paid for by tenants. Shared laundry. Storage lockers are provided.
Many capital improvements have recently been completed:
- torch-on membrane roof (2018)
- hot water boiler (2016)
- domestic hot water tank (2016)
- water pumps (2016)
- hall carpets (~2014)
- windows replaced as needed
- modern fire panel installed.
As a result of updates, this building will provide a solid investment for many years to come.
Crestview Apartments is located in a quiet residential neighbourhood. Kitchen Park is across the street and Barbaree Park is one block north. Canalta Elementary School, Ron Pettigrew Christian School, Dawson Creek Secondary School and Northern Lights College are all nearby.
Location is just 5-minute drive to heart of downtown, McDonalds, Tim Horton’s, Canadian Tire, Walmart and the Dawson Creek Mall. As a result of the convenient surroundings, most residents are long-term tenants.
LNG is coming to Dawson Creek! Dawson sits at the head of the Coastal Gaslink pipeline. LNG extraction focuses in the Peace River Region, creating substantial growth for Dawson Creek.
Cap rate is 6.31% on current income. CMHC average rents are 21% higher than current rents. Cap rate projection of 7.48% on CMHC average rent. Significant upside!
This is your chance to acquire an updated apartment building in a growth market. Call (778) 235-9293 today!