the largest building in a small town — sold through relentless execution
- 31-unit apartment building
- 10.8% cap rate
- remote market, complex process
listing
description
Fraser Lake Apartments was the largest residential building in a town of just over 1,000 people — and selling it required more than market knowledge. It required persistence. Determination. Relentless follow-through.
At $1.15 million and 31 units, this was by far the largest multifamily transaction in Fraser Lake — a remote lakeside town west of Prince George. And yet, despite the overwhelming odds, I found the right buyer, navigated the complexity, and saw the deal through to completion. It took time, creativity, and more personal attention than I’ve ever given a listing. But that’s what it took. And I don’t stop until the work is done.
This is what my clients get — not just in small towns, but especially in Vancouver. No templated playbook. No “list it and wait.” I don’t just hang a sign and upload to MLS. That’s a primitive version of real estate. I offer something different — active, intelligent, strategic representation tailored to the asset, the client, and the market. The kind of service that doesn’t quit, no matter how long the odds may seem.
If I can sell the biggest apartment building in a town of 1,000, I can deliver results anywhere. Including Vancouver — where the stakes are higher, the numbers are bigger, and the expectations should be too.
investment
thesis
A fully renovated, high-yield apartment asset in a strategic location near major resource infrastructure — ideal for investors focused on cash flow and low competition.
policy
context
Zoned Multifamily, the site supports the building’s current configuration with 31 residential units on a 1.23-acre lot. Located at the halfway point of the Coastal GasLink LNG pipeline and near one of the world’s largest molybdenum mines, Fraser Lake is poised to benefit from industrial reinvestment and long-term labour demand — reinforcing housing stability in this compact rental market.
buyer
appeal
The buyer acquired a stabilized, renovated apartment building with strong tenant retention, low maintenance costs, and tenant-paid utilities. But what made the deal happen wasn’t just the property — it was the process. I qualified over 150 inquiries from across the country and guided the transaction from start to finish. In markets this remote, you don’t find a buyer — you build the case for one. And that’s exactly what I did.
Largest rental asset in town
Fully renovated and stabilized
Sold through persistence and strategy
specifications
Sold Price: $1,150,000
Total Units: 31
Suite Mix: 16 x 1-Bedroom, 14 x 2-Bedroom, 1 x 3-Bedroom
Cap Rate: 10.82%
GRM: 5.2
Price Per Unit: $37,097
Lot Size: 53,579 SF (1.23 Acres)
Zoning: Multifamily
Year Built: 1980
Parking: 50 Surface Stalls
Utilities: Tenant-paid
Recent Upgrades: Flooring, paint, window coverings, appliances, doors, and fixtures
Occupancy at Sale: Full
Assessed Value (2020): $671,000
Property Taxes (2019): $8,401
Legal Description: Lot A Plan PRP9733 District Lot 2012 Range 5 Land District 14
PID: 005-854-491
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