Strata Townhome Complex

325 Columbia St W, Vanderhoof

Sold for $1,450,000

$1,450,000

Sale Price

16

Townhomes

1976

Year Built

$90,625

Price Per Unit

SPECIFICATIONS

Property Type · Townhome Complex
Price Per Unit · $90,625
Lot Size · 43,734 Sq Ft (1.004 Acres)
Rentable Sq Ft · 14,592 Sq Ft
Zoning · R2
Year Built · 1976
Suite Mix · 16 x 3-Bedroom, 1-Bathroom Townhomes
Parking · 30+ Paved Parking Spaces

HIGHLIGHTS

• Bustling town with service area of 10,000 people

• Strata titles provide options with financing, syndication and disposition

• Tenants pay electricity and natural gas keeping operating expenses low

DESCRIPTION

Sold this unique strata-titled townhome complex in Vanderhoof, British Columbia. Rarely can a complex like this be found. Strata titles provide flexibility during financing, ownership and disposition.

All townhome units are identical with three bedrooms and one bathroom. Each unit has a separate gas-fired hot water tank and forced air furnace which are easy to maintain and prevent moisture buildup.  Electricity and natural gas are billed to the tenants, keeping landlord operating costs low.

A local property manager does an excellent job of taking care of the property and the residents. She may be available to assist any out-of-town investor to make this a seamless and easy acquisition.

Vanderhoof is a bustling northern town of close to 5,000 people. Due to nearby rural communities, Vanderhoof actually supports nearly 10,000 people.  The primary economic drivers are forest industry, agriculture, mining and tourism. Mining projects include the Blackwater Gold Project to the south.

Vacancy in Vanderhoof is famously low. It’s hard to find good rentals and these townhomes stay full.  Tenants include local families and workers.

LOCATION

Civic Addresses
325 Columbia St W, Vanderhoof, BC

Legal Description
STRATA LOTS 1 - 16 PLAN PRS4, SECTION 09, TOWNSHIP 11, RANGE 5, COAST RANGE 5 LAND DISTRICT, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1 OR V, AS APPROPRIATE

BC Assessed Value (2021)
$1,297,600