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For Sale

Northland Apartments

  • $1,390,000

Salient Details

  • Units 14
  • Suite Mix 1- Bachelor, 5-1 Bedroom, 8-2 Bedroom
  • Lot Size 11,600 sf (100’ x 116’)
  • Year Built 1967
  • Net Income $93,022
  • Cap Rate 6.7%
  • Price/Unit $99,286

Northland Apartments

Well maintained, 14-unit apartment building, offering strong value-add potential, with two vacant units well positioned for immediate renovation. The Property has been underwritten for CMHC’s MLI Select.
9715 102 Avenue - Brochure
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McEvay Blair Multifamily Group - Northland Apartments - FSJApartments1 32

Investment Highlights

Accessible Entry Price
Listed at $1,390,000, Northland Apartments offers investors a rare sub-$100k-per-unit entry point into a 14-suite apartment asset.
Central Apartment Location
Situated in Fort St. John near the downtown core, everyday services, schools, recreation, and major transportation routes.
Balanced Suite Mix
Combination of bachelor, one-bedroom and larger two two-bedroom suites supports diversified tenant demand and rental resiliency.
In-Place Income Plus Upside
Existing cash flow is complimented by upside through suite turnover, rent growth, and the completion of the vacant unit renovations.
Attractive Financing Options
Strong potential to qualify for CMHC MLI Select financing, allowing for high LTV, attractive interest rate and extended amortization.
Consistent Maintenance & Professional Management
The Property has benefited from consistent maintenance and upgrade work including, suite renovations, window replacements, hot water tank replacements new fire panel board, and regular roof inspections.

Gallery

Contact us

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick