institutional-scale island portfolio closed through expert strategy

sold

1 Oct

334 units across three markets
11.11 acres with redevelopment upside unlocked

            $55,810,000
            sold
        
            address
            Vancouver Island, British Columbia
        
            lot size
            11.11 acres (484,080 SF)
        
            buildings
            9
        
            units
            334
        
            rentable area
            Approx. 249,585 SF

listing
description

This $55.8M transaction — comprising 334 apartment and townhome units across nine buildings in three separate Vancouver Island markets — stands as one of the most complex and demanding deals in the region’s multifamily history. Institutional in scale and scrutiny, the portfolio spanned over 11 acres, included hundreds of recently upgraded suites, and presented a layered mix of stabilized income, deferred maintenance, and future redevelopment potential.

What set this deal apart wasn’t just size — it was the depth of planning and precision required. Every major stakeholder, from the buyer to a provincial housing agency to a national lender based on Bay Street, subjected the project to intense analysis. And every piece of it — capital planning, asset management strategy, long-term financial projections, development potential modelling — was completed independently. No teams, no handoffs. One advisor, one strategy, executed from start to finish.

Even the negotiation phase required expert navigation. I secured an extended diligence period, 40–50% longer than typical, allowing the buyer to fully assess the opportunity and align funding. That time wasn’t wasted — it was filled with technical reporting, site-by-site inspections, environmental and mechanical reviews, and the preparation of multi-decade planning documents that ultimately withstood institutional scrutiny at every level.

This was not a typical sale. It was the repositioning of an entire regional portfolio — distilling immense complexity into clear, executable steps. The kind of transaction that quietly separates seasoned professionals from everyone else.

investment
thesis

An island-spanning portfolio with a blend of stabilized rental income, redevelopment upside, and long-term policy alignment. Rare scale, serious potential, and institutional-level readiness — all brought to market and closed through one advisor.

policy
context

The properties were located across three municipalities — Campbell River, Port Hardy, and Duncan — each with distinct zoning, servicing, and land use frameworks.

Over an acre of the portfolio held future redevelopment potential, and the rest aligned with mid-density residential land use under local OCPs. These policy layers shaped not just current use but formed the foundation of a 20-year repositioning strategy evaluated and approved by institutional stakeholders.

buyer
appeal

This transaction wasn’t simply about acquiring existing assets — it was about repositioning them for long-term impact. The buyer will maintain affordability and housing stability for existing residents, while investing significantly in building improvements to enhance quality of life, health, and safety across the portfolio. Every aspect of this transaction — from valuations to capital planning to multi-decade repositioning strategies — was designed to meet institutional standards, satisfying rigorous due diligence from a provincial housing agency and a national Bay Street lender.

In addition to stabilizing and upgrading the portfolio, we identified and unlocked latent development value within the holdings. While formal applications are still pending, the transaction has already set the stage for a brand-new 60+ unit apartment building — a direct outcome of the strategic groundwork completed during the acquisition process.