closed in the middle of nowhere — vancouver feels easy

sold

23 Aug

21 units in rural BC
small buyer pool
brokered in tough conditions

            $1,070,000
            sold
        
            address
            3122 Hagman Cres, Houston, BC
        
            lot size
            25,744 SF (0.591 acres)
        
            rentable area
            Approx. 16,475 SF
        
            units
            21
        
            year built
            1979

listing
description

Kodiak Apartments — a 21-unit rental building in the northern town of Houston, BC — sold for $1.07 million in a market few investors ever consider. With aging infrastructure and limited local activity, this was never going to be a high-profile deal. But the fundamentals were there: full occupancy, a tenant waitlist, and income stability in a tight rental market.

Selling buildings like this takes more than just a listing. It takes creative thinking, independent execution, and the confidence to operate without a playbook. I sourced the buyer, qualified the opportunity, and closed the deal in a market many overlook entirely. If I can deliver results here, I can deliver them anywhere. Because sometimes the real story isn’t the building — it’s who can get it sold.

investment
thesis

An overlooked market with resilient demand and consistent occupancy — offering reliable income and a strong cap rate in a low-competition environment.

policy
context

Zoned R4 (Multifamily Residential), the site is one of only a few in Houston permitted for rental apartment use. With a fully built-out form and stable tenancy, the policy environment supports long-term rental retention — with little threat of displacement or competition.

buyer
appeal

The buyer recognized value where others didn’t: a stabilized, fully leased property with a waitlist, consistent income, and minimal capex needs. This deal moved forward because I made it easy to say yes — with clarity, responsiveness, and professional certainty in a location that typically lacks all three.