Pinewood A + B - 42 Residential Units in Booming Fort St John, BC - Approx 7% CAP Rate. Seller willing to hold 85% LTV financing via Agreement for Sale for a 2 year term at only 3.75% Interest - Big Cash Flow!

Excellent Investment Opportunity in booming North East BC, home to Canada's strongest economic corridor and BC's economic powerhouse, home to BC Hydro's Site C Dam and Shell Canada's LNG Canada project - the largest investment in Canadian History!

The building is comprised of 22 Two Bedroom suites, 18 One Bedroom Suites and 2 Bachelor Suites over 3 floors (walk up) with coin-operated laundry facilities on each floor. There are 5 furnished units in the building being leased long term. Many suites have been renovated over the years, as well as several mechanical upgrades completed including on-demand hot water tanks and more.

There is ample opportunity to continue to raise lease rates and to reduce operating expenses (such as eliminating cable costs as the remaining units with the service included in the lease vacate) in our flourishing rental market as rents continue to increase.

The Seller is offering to hold financing on the property until July 2025 to utilize an existing mortgage with attractive rates. Under this scenario, 15% down and the Seller holds the balance at a rate of 3.75%. This gives plenty of time to continue to increase rents and renovate the unit and structure long term CMHC financing at attractive rates and amortization. Details of the agreement for sale terms would be clearly established prior to completion.

A short walk to North Peace Secondary, Duncan Cran elementary and all major shopping, entertainment and dining amenities Fort St John has to offer, this complex is well located. View photos and virtual tours below!

Call Mitch Collins at (250) 262-9338 for details and an information package.

Exterior Photos

Unit 204 - Building A

Pinewood A - 304

Pinewood A - 306

Pinewood B - 102

Pinewood B - 204

Pinewood B - 302

Pinewood B - 307