Canterbury Estates at 8408 92 Ave, Fort St John is a 21-unit strata townhome complex priced $316,100 below assessed value!!!!!
Each townhome unit has 3-beds, 2-baths, 1,250 sq ft rentable area and an attached garage. Land size is 1.57 acres which allows for ample parking. Complex was built in 2000. HVAC features independent forced air furnaces and separate hot water tanks. All units are metered individually. Each townhome has separate laundry. As a result of age and design, expenses are low and maintenance is minimal.
The townhome complex is located in a quiet residential area. Duncan Cran Elementary and North Peace Secondary are nearby. All kinds of amenities can be found at Totem Mall less than 2km away.
Individual townhomes sell for $265,000 – $285,000 per unit, creating more than $1.3 million in gross profit on resale.
Fort St John is rated by BC Business Magazine a one of the best place to live and work anywhere in the province. The booming LNG industry is set to bring thousands of jobs to the region. Townhome rentals are preferred over apartments by many local worker, especially those with families.
Opportunistic investors will capitalize on market growth and upside in this deal.
The following reports are available with an accepted offer:
- Building Condition Assessment (Pinchin Engineering)
- Survey Certificate and Site Plan
- Building Drawings and Floorplans
- Environmental Site Assessment (ESA) Phase I
- Demographic Reports (Housing Profile, Income Profile, Etc)