as far north as it gets — and still sold

  • 26-unit apartment building in Fort Nelson
  • sold through reach, strategy, and persistence
$720,000 sold
address 5220 49 St, Fort Nelson, BC
lot size 33,600 SF
units 26
year built 1980
cap rate 9.04%

listing
description

 

Aurora Manor was never going to be an easy deal. With 26 units in the far north of British Columbia — in a town most buyers have never heard of, let alone visited — this was one of the most remote investment sales in the province. But the Vancouver-based seller trusted me, and I delivered.

Located in Fort Nelson, this three-storey walk-up was a well-maintained, stabilized building with a history of upgrades and consistent income. Built in 1980 on a concrete foundation with wood-frame construction, the building had seen significant capital improvements during the seller’s tenure — including nearly full interior renovations across most suites, upgraded finishes, appliances, and window coverings. The roof had been replaced approximately ten years earlier, and the exterior had been updated with fresh siding and maintenance.

But none of that changed the reality: selling a 26-unit rental building 1,600 km from Vancouver takes more than a listing. It takes strategy, outreach, and real reach.

I built a marketing campaign targeted to yield-driven buyers and private operators with experience in northern communities. I screened buyers carefully, answered every question directly, and made sure each prospect understood the asset’s stability, condition, and upside. There’s no room for smoke and mirrors in Fort Nelson — just a clean deal, and the right person to get it done.

I sold this in Fort Nelson. I can sell your site, wherever it is.

 

investment
thesis

 

A stabilized, low-cost multifamily asset in one of the most remote communities in B.C., offering strong yield and a clean physical plant — ideal for yield-focused investors with a long-term lens.

 

policy
context

 

Located in Fort Nelson’s core residential area, Aurora Manor is zoned for multifamily use and sits on three legal lots totaling 33,600 SF. With limited competition and low supply, rental demand remains steady from regional workers and families.

 

buyer
appeal

 

At a price per unit under $31,000, this was one of the lowest-cost multifamily assets in the province — with significant recent upgrades and no major deferred maintenance. But what sealed the deal wasn’t price — it was clarity. I presented the building for what it was, showed how it performed, and made sure the buyer knew what they were getting. And that’s exactly why it closed.

  • Remote location, clean execution

  • Substantially renovated, stabilized asset

  • One of the lowest price-per-unit deals in B.C.

 

specifications

  • Sold Price: $720,000

  • Total Units: 26

  • Price Per Unit: $30,731

  • Lot Size: 33,600 SF

  • Rentable Area: 17,875 SF

  • Year Built: 1980

  • Zoning: Multifamily Residential

  • Construction: Wood Frame, Concrete Foundation

  • Exterior: Wood Siding

  • Windows: Double-Pane Aluminum Frame

  • Roof: Sloped Asphalt Shingle (Replaced ~2010)

  • Interior Finishes: Carpet, vinyl tile, and sheet vinyl flooring

  • Kitchen: Stove, refrigerator, dishwasher in each suite

  • Bathroom: 4-piece in each unit

  • Upgrades: Paint, cabinets, flooring, appliances, fixtures (last 4 years)

  • Parking: 40+ Surface Stalls

  • Legal Description: Lots 4, 5 & 6 Plan PGP24109 District Lot 1535 LD 44

  • PIDs: 008-351-538, 008-351-554, 008-351-562

gallery
of images

 

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

 
 
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early land assembly closed through real-world strategy