institutional sale of 21-unit strata townhome portfolio

sold

14 Sept

private institutional buyer
21 freehold townhomes
exclusively brokered and closed

            $3,579,800
            sold
        
            address
            8408 92 Ave, Fort St. John
        
            lot size
            67,082 SF (1.39 acres)
        
            zoning
            RM-1
        
            year built
            2000
        
            total units
            21 townhomes

listing
description

Canterbury Estates — a 21-unit, strata-titled townhome complex — was sold for $3.58 million to a private institutional buyer. All units are individually titled, three-bedroom townhomes with attached garages, in-suite laundry, and full mechanical separation — a format that delivers low operating costs and flexible hold strategies. The buyer acquired this property as part of a larger multi-asset portfolio.

I was the sole broker on this deal, representing the seller exclusively. From first contact to final close, I sourced the institutional buyer directly, negotiated terms, and guided the transaction through a lengthy and highly technical due diligence process. This level of buyer requires not just access, but precision: full documentation, consistent communication, and the ability to anticipate and resolve issues before they escalate. That’s exactly what this deal demanded — and delivered.

investment
thesis

An exceptionally rare opportunity to acquire a fully occupied, low-maintenance, freehold strata-titled rental townhome complex in a high-growth market — with flexible exit strategies and institutional-ready reporting.

policy
context

Zoned RM-1, the site supports low-rise multifamily development and aligns with Fort St. John’s family housing and infill policy goals. The strata format allows for individual ownership while supporting consolidated rental operations — a structure that enhances both acquisition and future disposition flexibility.

buyer
appeal

This transaction was completed with a private institutional buyer — the type of group that rarely participates in open-market listings and only moves forward when trust, clarity, and precision are in place. Their decision to engage directly reflected confidence not only in the asset, but in the process I was able to deliver. From sourcing to final diligence, I handled every aspect of the sale personally. Deals at this level demand more than just access — they require discretion, deep alignment, and an ability to manage sophisticated requirements without friction. That’s exactly what this transaction delivered.

Sophisticated private REIT
Freehold townhome format
Brokered and closed solo

specifications

Sold Price: $3,579,800
Total Units: 21 Freehold Strata Townhomes
Suite Mix: All 3-Bedroom, 2-Bathroom
Rentable Area: 26,250 SF
Lot Size: 67,082 SF (1.39 acres)
Zoning: RM-1
Year Built: 2000
Construction: Wood Frame, Slab-on-Grade
Mechanical: Forced Air Furnaces, Natural Gas Hot Water
Utilities: Individually Metered
Parking: Attached Garages + Surface
Civic Address: 8408 92 Ave, Fort St. John, BC
Legal Description: Strata Lots 1–21, Section 32, Township 83, Range 18, W6M, Strata Plan PGS336
Property Taxes: $38,500 (2021)