small deal big results in a hard-to-reach market

sold

8 Mar

priced under $1 million
remote market placement
hard-to-find buyer secured

            $989,800
            sold
        
            address
            9903 103 Ave, Fort St John
        
            lot size
            12,200 SF
        
            zoning
            RM-2
        
            units
            12
        
            year built
            1979

listing
description

Graham Apartments is a 12-unit apartment building in downtown Fort St. John that sold for just under $1 million — less than the average home price in B.C. at the time of sale. With a full suite mix (bachelor, one-bed, and two-bed units), winter-ready surface parking, and a central walkable location, the property offered steady income and real value. But deals like this don’t close themselves.

This wasn’t a flashy asset in a major market. It was a precise match waiting to be made — the kind of deal that demands resourcefulness, creativity, and a network deep enough to reach beyond the obvious buyers. And that’s exactly what this sale required. In a remote market with limited active capital, I found the right investor, provided the right data, and delivered the certainty needed to get it done.

investment
thesis

A low-entry-cost apartment in a fast-growing rental market with more demand than supply. Ideal for yield-focused investors with a long-term view and operational experience.

policy
context

Zoned RM-2, the site supports low- to mid-rise multifamily development. Located within Fort St. John’s downtown intensification area, the property aligns well with local land use goals while providing strong in-place income from its existing form.

buyer
appeal

This deal was all about fit. It required a buyer who could operate in a smaller market, value cash flow over scale, and see opportunity where others didn’t. That kind of buyer isn’t easy to find — but I found them. By going the extra mile and marketing with precision, we connected the right buyer with the right asset at the right time.

Creative buyer match
Strong unit mix
Sub-$1M apartment deal

specifications

Sold Price: $989,800
Price Per Unit: $82,483
Total Units: 12
Suite Mix: 1 x Bachelor, 4 x One-Bedroom, 7 x Two-Bedroom
Rentable Area: Approx. 9,100 SF
Lot Size: 12,200 SF
Zoning: RM-2
Year Built: 1979
Parking: 12 Surface Stalls with Plug-ins
Civic Address: 9903 103 Ave, Fort St John, BC V1J 2H2
Legal Description: Lot 12 & 13 Block 3 Plan PGP2338 Section 6 Township 84 Range 18 Land District 44
PIDs: 005-760-232, 005-760-241
Property Taxes: $5,062 (2021)