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 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.
Address: 610 Laird St, Fraser Lake, BC, V0J 1S0
Legal Description: Lot A Plan PRP9733 District Lot 2012 Range 5 Land District 14
Address: 565 Mouse Mountain Drive, Fraser Lake, BC, V0J 1S0
Legal Description: Lot 28 Plan PRP8461 District Lot 2012 Range 5 Land District 14