top-dollar sale for a builder — delivered through collaboration and clarity

  • 27 x 3-bedroom strata townhomes
  • co-listed locally, marketed provincially
$2,700,000 sold
address 5206–5216 43 St NE, Chetwynd, BC
lot size 2.72 Acres
units 27
year built 1979
cap rate 10.5%

listing
description

 

Woodside Estates was the kind of deal that construction guys understand immediately — solid bones, steady cash flow, and no fluff. Located on 2.72 acres in Chetwynd, this 27-unit townhome complex was 100% 3-bedroom units, each one with its own furnace, washer/dryer, full bath, half bath, and two surface stalls. All tenant-paid utilities. No boiler. No shared systems. Just clean, simple, reliable product.

Each of the six buildings sat on its own strata-titled lot, offering future exit flexibility or acquisition partnership options. The buildings were fully renovated in 1994, with new roofs in 2017 and new furnaces in 2015. Interiors had been refreshed over time and rents were averaging $1,115/month at sale — with long-term tenants and low turnover.

The seller on this deal was a prominent B.C. builder and developer. He wanted real exposure, but also wanted to protect his long-standing relationships in the north. So, at the seller’s request, I co-listed the deal with a respected broker-owner based in Chetwynd. It was a true collaboration — combining their local network with my provincial reach and database, generating serious interest and the right buyers.

This kind of flexibility is only possible because I’m independent. No corporate red tape, no layers of approvals, no ego about collaboration. If it helps the client, I’ll do it — full stop. And that’s what happened here. We closed cleanly, delivered top dollar, and preserved the seller’s relationships in the process.

This deal is proof that when you’re honest, competent, and have real reach, even high-standard construction professionals will trust you with their sale — and get results on their terms.

If you’re a builder or contractor reading this: you know what to look for — and I do too.

 

investment
thesis

 

Large-unit townhomes with individual mechanicals and tenant-paid utilities — a low-maintenance, high-yield investment with exit flexibility through six strata titles.

 

policy
context

 

Zoned for low-density residential use, Woodside Estates offered stable in-place income with optionality for future individual resale or long-term rental hold. The strata form allowed both financing flexibility and portfolio diversification.

 

buyer
appeal

 

This was a builder’s kind of building. All the headaches were taken care of, the structure made sense, and the systems were straightforward. The buyer saw the value immediately — and knew what to do with it.

If you’ve ever owned or managed rental product, you’ll recognize the appeal of this deal: no boilers to babysit, no elevators to maintain, no strata council meetings — just solid units that work.

  • 27 x 3-bed townhomes, strata-titled

  • Tenant-paid utilities, updated systems

  • Sold with reach and no sales fluff

 

specifications

  • Sold Price: $2,700,000

  • Total Units: 27

  • Suite Mix: 27 x 3-Bedroom Townhomes

  • Lot Size: 2.72 Acres

  • Year Built: 1979

  • Year Renovated: 1994

  • Roof: Replaced in 2017

  • Furnaces: Replaced in 2015

  • Zoning: Low-Density Residential

  • Strata Titles: 6 Separate Titles

  • Parking: 54 Surface Stalls (2 per unit)

  • Utilities: Heat and power paid by tenants

  • Laundry: In-suite washer/dryer in all units

  • Market Rent at Sale: $1,115 per unit (average)

  • Address: 5206–5216 43rd St NE, Chetwynd, BC

  • Legal Description: Strata Lots 1–6, Plan PGS177, DL 482, Land District 44

gallery
of images

 

buying, selling, or planning ahead?
let’s talk

 
 
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