closed through local insight and trusted relationships

sold

7 Mar

13-unit downtown apartment
$1.07M purchase price
sold through trusted network

            $1,078,000
            sold
        
            address
            9816 103 Ave, Fort St. John
        
            lot size
            15,861 SF (0.36 acres)
        
            zoning
            RM-2
        
            units
            13
        
            year built
            1974

listing
description

Melsher Manor is a well-located 13-unit apartment building in walkable downtown Fort St. John. The suite mix includes 2 one-bedrooms, 10 two-bedrooms, and a standout three-bedroom penthouse with abundant natural light — a rare layout in this market. Priced at just over $1 million, the property offered strong income per square foot and attracted attention from yield-focused buyers.

But the real story behind this sale was the people, not just the property. This deal came together efficiently thanks to a trusted relationship with the buyer’s agent — someone I’d worked with before and knew could deliver.

That familiarity accelerated the negotiation, simplified diligence, and helped both sides stay aligned throughout. In any real estate market, local knowledge isn’t just about comps and cap rates — it’s about who can actually close. And that’s what made this deal work.

investment
thesis

A well-priced, income-producing apartment in a strong rental market, offering long-term cash flow and a unique unit mix anchored by a signature penthouse suite.

policy
context

Zoned RM-2, the property supports low-rise multifamily use and aligns with Fort St. John’s downtown land use goals. While no redevelopment is planned, the zoning secures long-term rental viability and provides flexibility for future upgrades or repositioning.

buyer
appeal

The buyer saw reliable income, solid tenancy, and a unique physical asset — but what made the difference was the smooth path to close. A trusted working relationship between the brokers helped cut through potential friction, and gave the buyer confidence in the process. When local players are aligned and experienced, even small deals move with purpose.