Once in a lifetime opportunity to purchase a fully vacant concrete high-rise building in Prince Rupert, British Columbia. Refurbish and profit from this unique offering, the tallest building in Prince Rupert.
Digby Tower is a concrete high-rise built in 1966. It proudly sits overlooking all of Prince Rupert with beautiful views in every direction. The building features 60 suites (20 bachelor, 40 one-bedroom) with laundry and storage lockers on the ground floor.
Create Prince Rupert’s best high-end rental building or, stratify and sell individual units in Prince Rupert’s rising housing market.
Recent upgrades include a new torch-on membrane roof in 2013. The two elevators are regularly serviced. Concrete structure and poured concrete foundation have many decades of usable life. Surface parking is available.
Upgrades or refurbishment are required for the following:
- Exterior Concrete Paint
- Electrical System
- Domestic Hot Water
- Hallways and Lobby
- Unit Interiors
Conservative cap rate projections between 7.75% – 10.45% after renovation. Further details are also available regarding stratification and the Prince Rupert condo market.
Please inquire for more details.
Electric Engineering Report
Hazardous Materials Report
Engineering Report (Water, Fire, Sanitary, Storm, Natural Gas, Heating Hot Water)
Address: 200 Sherbrooke Ave, Prince Rupert, BC, V8J 2V8
PID(s): 011-690-372, 013-737-961, 013-737-970, 013-738-186
Legal Description: Lot A Block 1 Plan PRP4069 District Lot 251 Range 5 Land District 1, Lot 1 Block 1 Plan PRP923A District Lot 251 Section 9 Range 5 Land District 1, Lot 2 Block 1 Plan PRP923A District Lot 251 Section 9 Range 5 Land District 1, Lot 34 Block 1 Plan PRP923A District Lot 251 Section 9 Range 5 Land District 1
Also for sale is a 36-unit building at 1051 Chamberlin Ave, Prince Rupert.