8408 92 Ave, Fort St John Northern BC

$4 250 000
MLS No: C8027992
Property type: Townhomes
Area (Sq Ft)
26,250
Units
21
Price Per Unit
202,381
Cap Rate
5.96
GRM
12.83

Specifications

  • Land Size: 67,082 Sq Ft
  • Year Built: 2000
  • Land Size (Acres): 1.57
  • Property Title: Freehold Strata

Description

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.

Reports Available

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)

Fort St John Demographics

Fort St John Demographics

LNG in Fort St John

LNG Canada’s Coastal Gaslink pipeline is bringing huge economic benefits to the Peace Region.  Virtually all natural gas extraction happens in the area surrounding Fort St John creating a rapid growth-market.

Additionally, Site C construction will continue until 2025. As a result of large infrastructure projects, the population of Fort St John will grow.  As a result of good jobs and exceptional lifestyle, residents will stay.

The largest hub in north-east British Columbia, Fort St John is set be one of the hottest markets in Canada…again.

Contact the Agent

Seth Baker

Managing Broker & Owner
Phone
(778) 235-9293
Fax
(778) 650-0350
Address
801 - 938 Howe Street
Vancouver, BC, V6Z 1N9
Combine bold entrepreneurship, incisive analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services, Seth founded his own real estate brokerage company dedicated to selling some of the world’s most valuable apartment buildings. He is a master communicator and skillful analyst. He has a diverse background with a unique combination of street smarts, business, and data technology. This background allows Seth 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 $125,000,000 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.…




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