not everything valuable comes from size. sometimes, it’s in the symmetry.
- 24 upgraded rental units
- two stabilized buildings
- one cohesive investment
listing
description
This transaction involved two nearly identical buildings across the street from one another, sold together as a unified 24-unit investment property. Both buildings were substantially upgraded, with 19 of the 24 units renovated to a high standard — including new flooring, kitchens, paint, and interior doors. Mechanical and common area improvements included on-demand hot water, a new fire panel, shared laundry upgrades, and new exterior doors — reducing future capex and boosting operational stability.
While many might have seen these as two small assets, the opportunity lay in the whole: a synchronized rental operation, simplified management, and long-term tenant retention. This is what it looks like when an investment is quiet, durable, and well thought through — a rare blend of efficiency and value.
investment
thesis
Two low-maintenance, renovated walk-ups across the street from each other — delivering shared efficiencies, consistent tenancy, and steady income in a high-growth market.
policy
context
Zoned RM-1, both properties are aligned with Fort St. John’s mid-density housing policy, supporting existing use and allowing for potential upgrades over time. The current building forms are well-suited to the zoning, ensuring long-term land use compatibility without the need for near-term redevelopment.
buyer
appeal
The buyer recognized the advantage of purchasing both buildings as a single, cohesive asset. With 22 two-bedroom units — the most in-demand suite type locally — and recent upgrades already complete, this portfolio provided strong in-place yield. Owning both buildings simplifies operations, strengthens tenant satisfaction, and creates a more efficient, higher-performing asset — all tied together under a single strategic approach.
Side-by-side buildings
High proportion of 2-bed units
Unified ownership strategy
specifications
Sold Price: $2,060,000
Total Units: 24
Suite Mix: 2 x One-Bedroom, 22 x Two-Bedroom
Rentable Area: 18,900 SF
Lot Size: 24,400 SF (0.56 Acres)
Zoning: RM-1
Year Built: 1979
Renovated Units: 19
Mechanical Upgrades: On-demand hot water, updated fire panel, newer hot water tank
Common Areas: Shared laundry (ground floor), new exterior doors
Parking: 30+ Surface Stalls
Civic Addresses: 9819 & 9820 102 Ave, Fort St. John, BC
Legal Description:
Lot 11 & 12 Block 2 Plan PGP2338
Lot 4 & 5 Block 3 Plan PGP2338
PIDs: 013-913-981, 013-914-006, 013-914-014, 013-914-022
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