- For Sale $27,500,000
- Property Type Other
- Date Updated Jan 21, 2025
Avison Young is pleased to present a remarkable opportunity to acquire two concrete and one wood-frame institutionally owned, managed and upgraded rental apartment buildings comprising 201 units in Prince George, BC. The Properties all have significant rental upside with current rents below market rates and feature strong additional revenue from parking, laundry, storage and telecom. This offering presents an investor an opportunity to acquire superb scale in a rapidly growing and highly desirable rental market.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Superb balanced portfolio suite mix comprising 66 bachelor, 69 one-bedroom, 65 two-bedroom & 1 three-bedroom unit
- Significant rental upside with current rents below market rental rates
- Additional revenue generated from on-site parking, laundry facilities, storage lockers and telecom contracts
- Institutionally owned and managed with various capital upgrades completed
- On-site team manages the properties with regular maintenance, upkeep and cleanliness
- All 3 properties are on local bus routes connecting residents to shopping, services, amenities and schools
- Attractive assumable CMHC financing at 3.68% until 2027
- Buildings can be acquired individually or collectively
False
Contacts
Location
Getting Around
-
Walk Score ®
79/100
Very Walkable
-
Transit Score ®
48/100
Some Transit
-
Bike Score ®
50/100
Bikeable
- City Prince George, BC
- Neighborhood Seymour - Van Bow
Points of Interest
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Chevron
0.13 miles
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Esso
0.22 miles
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Husky
0.40 miles
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Co-op
0.55 miles
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Petro-Canada
0.73 miles
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Shell
0.83 miles
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Super Save
1.01 miles
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Tesla Supercharger
1.40 miles
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ChargePoint
1.47 miles
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BC Hydro
1.51 miles
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Lot B
1.77 miles
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Lot C
1.77 miles
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Lot A
1.88 miles
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Residence Parking
2.09 miles
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Walmart-Parking
3.16 miles
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Canadas Best Value Inn - Prince George
0.14 miles
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Camelot Court Motel
0.14 miles
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Sandman Hotel & Suites Prince George
0.18 miles
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Anavada Inn and Suites Spruceland
0.25 miles
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Super 8 by Wyndham Prince George
0.43 miles
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Grama's Inn
0.49 miles
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Prince Motel
0.79 miles
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North Star Inn & Suites
0.94 miles
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Econo Lodge
1.04 miles
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Courtyard Prince George
1.08 miles
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Earls
0.15 miles
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McDonald's
0.22 miles
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Panago
0.26 miles
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Burger King
0.41 miles
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Papa John's
0.43 miles
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Wendy's
0.47 miles
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Joey’s Seafood
0.50 miles
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Boston Pizza
0.51 miles
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Subway
0.56 miles
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Carl's Jr.
0.66 miles
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École Franco-Nord
0.32 miles
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College of New Caledonia (Prince George)
0.36 miles
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Prince George Senior Secondary
0.54 miles
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Central Fort George Elementary
0.84 miles
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Ron Brent Elementary
1.02 miles
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Quinson Elementary
1.02 miles
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Westwood Elementary School
1.11 miles
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Nusdeh Yoh Elementary
1.11 miles
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Pinewood Elementary School
1.17 miles
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Cedars Christian School
1.39 miles
Frequently Asked Questions
The space currently listed for sale at The Prince George Apartment Portfolio asks for $27,500,000.
The Prince George Apartment Portfolio totals 209 square feet.
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