610 Laird St and 565 Mouse Mountain Dr, Fraser Lake Northern BC

$2 498 000
MLS No: Exclusive
Property type: Apartment Building
Area (Sq Ft)
39,525
Units
56
Price Per Unit
44,607

Specifications

  • Land Size: 117,612 Sq Ft
  • Year Built: 1980
  • Land Area (Acres): 2.70
  • Buildings: 2
  • Storeys: 3

Description

Fraser Lake Apartments includes 2 apartment buildings with 56 units. Suite mix includes 4 bachelor, 27 one-bedroom, 24 two-bedroom and 1 three-bedroom apartments.

Both buildings were built in 1980.  The brown building (610 Laird St) has been substantially updated and all units renovated over the past few years.  Ninety percent of all in-suite flooring, doors, paint and lighting have been updated or replaced. Appliances, cabinetry and fixtures have been replaced when units turn over.

A stockpile of new fridges and stoves are onsite, ready for installation when needed. As a result of recent upgrades and a long-term maintenance program, you can be confident in the security of your investment.

The black building (565 Mouse Mountain Drive) provides a value-add opportunity. Part of the building roof is in need of replacement. Suites could benefit from updates to their interiors. Mechanically, the black building is sound. Electric hot water tanks are individual to each unit and tenants pay their own hydro.

 

Coastal Gaslink LNG Pipeline

Fraser Lake LNG Pipeline

Fraser Lake is strategically located near the halfway point of the recently announced Coastal Gaslink LNG pipeline. The pipeline crosses the Trans-Canada Highway in only one place – Fraser Lake!

The community is poised for influx of construction jobs.  A 700-person work camp is planned just 3 km from Fraser Lake Apartments.  A proposed LNG compression facilities is just a few kilometres west. Pipeline service and maintenance will ostensibly be based in Fraser Lake. As a result, new long-term residents will come to town.

More details about the pipeline and construction timeline can be found at http://www.coastalgaslink.com/

 

Endako Molybdenum Mine

Fraser Lake is also home to the Endako molybdenum mine. Mining operations were put on hold in 2015. The mine has remaining life of at least 27 years. Recent investment into the mine exceeded $500 million.

The mine is operated as a joint venture with Thompson Creek holding a 75% interest and Sojitz Corporation, a Japanese company, holding a 25% interest.

The Endako Mine is a fully integrated facility that began operations in 1965. It includes a concentrator that processes ore through crushing, grinding, and flotation circuits into molybdenum disulfide concentrate, and a multiple-hearth roasting facility that converts the concentrate into technical grade molybdenum oxide.

Further reading on the Endako and molybdenum mining is available HERE.

Don’t miss out on the Northern BC investment boom!  Fraser Lake Apartments offers 56 units in a strategically-located community. Pipeline construction is set to begin almost immediately.  And, when the mine reopens hundreds of residents will flood the town.

 

Property Identification

Brown Building

Address: 610 Laird St, Fraser Lake, BC, V0J 1S0

PID(s): 005-854-491

Legal Description: Lot A Plan PRP9733 District Lot 2012 Range 5 Land District 14

Black Building

Address: 565 Mouse Mountain Drive, Fraser Lake, BC, V0J 1S0

PID(s): 007-704-313

Legal Description: Lot 28 Plan PRP8461 District Lot 2012 Range 5 Land District 14

Suite Mix

  • Bachelor
  • One Bedroom
  • Two Bedroom
  • Three Bedroom

Building Specifications  – “Black Building”

565 Mouse Mountain Dr, Fraser Lake

Construction

  • Poured Concrete Foundation
  • Wood Framing
  • Wood Exterior
  • Asphalt Membrane Roof and Torch-On Membrane (1/3 Replaced 2017)
  • Double Pane Windows
  • Parking Surface

Mechanical

  • Electric Baseboard Hear
  • Electrical Hot Water with Individual Hot Water Tanks
  • Common Area Natural Gas Hot Water Tank for Laundry Room
  • Electric Forced Air Heating/Cooling System for Common Areas
  • Fire Panel, Smoke Detectors and Fire Extinguishers

Utilities

  • Municipal Water and Sewer
  • BC Hydro
  • PNG Natural Gas
  • Telus, Bell, Norwestel

Amenities

  • Parking Spaces with Plugs for All Units
  • In-suite Storage in All Units
  • One Shared Laundry Room on Each Floor (3 Washers, 3 Dryers)

Kitchen

  • Linoleum Floors
  • Two Appliances
  • Plywood Cabinets
  • Laminate Counter-Tops

Bathroom(s)

  • Linoleum Floors
  • Laminate Counter-Tops
  • Wooden Cabinets
  • Bathtub and Toilet Fixtures

Living/Dining/Bedrooms

  • Laminate and Carpet Living Room Flooring
  • Carpet and Laminate Bedroom Flooring
  • Balconies for Upper Units

Building Specifications – “Brown Building”

610 Laird St, Fraser Lake

Construction

  • Poured Concrete Foundation
  • Wood Framing
  • Wood Exterior
  • Asphalt Shingle Roof (Replaced in 2009)
  • Single Pane and Double Pane Windows
  • Parking Surface

Mechanical

  • Electric Baseboard Heating
  • Common Area HVAC Fan
  • High Efficiency Natural Gas Hot Water Tank
  • Fire Panel, Smoke Detectors and Fire Extinguishers

Utilities

  • Municipal Water and Sewer
  • BC Hydro
  • PNG Natural Gas
  • Telus, Bell, Norwestel

Amenities

  • Parking Spaces with Plugs for All Units
  • In-suite Storage in All Units
  • Shared Laundry on Ground Floor, 3 Washers, 3 Dryers

Kitchen

  • Linoleum Flooring (Updated)
  • Two Appliances (Updated Fridges)
  • Wood Cabinets
  • Laminate Counter-Tops
  • Lighting (Updated)

Bathroom(s)

  • Linoleum Flooring
  • Laminate Counter-Tops
  • Wooden Cabinets
  • Bathtub and Toilet Fixtures

Living/Dining/Bedrooms

  • Laminate Living/Dining Room Floors (Updated)
  • Laminate and Carpet Bedroom Flooring (Updated)
  • Balconies (Railings Updated 2018)

Contact the Agent

Seth Baker

Managing Broker & Owner
Phone
(778) 235-9293
Fax
(778) 650-0350
Address
119 W Pender St, Suite 104
Vancouver, BC, V6B 1S5
Combine bold entrepreneurship, unique data analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services, Seth takes on challenging responsibilities, such as founding his own real estate brokerage company and selling some of the world’s most valuable apartment buildings. He is a master communicator and skillful analyst. His impressive technology background allows him to maintain priceless market data while building powerful relationships with multifamily investors and developers. Ask him about how to get people to agree. It’s his secret talent. Seth Baker has led an impressive career in real estate brokerage. He is personally responsible for more than $87,000,000 in real estate sales, a number that’s growing daily.  He has contributed to a number of industry organizations including LandlordBC, Vancouver Board of Trade, BC Non-Profit Housing Association, Greater Vancouver Home Builders Association and Urban Development Institute. He received his Managing Broker’s Licence through UBC’s…