Quick Summary
Quick Summary
- Cash-flowing apartment building in Canada's strongest economic region.
- Located in downtown, close to schools, shopping, and entertainment.
- Comprises 42 suites, including bachelor, one and two bedroom units.
- Features coin operated laundry on each floor.
- Includes several upgrades like on demand hot water heat and furnaces.
- Roofs are in good condition and many units have been renovated.
- 5 suites are operated as furnished rentals.
- Professionally managed property, ready to perform in your portfolio.
Unique opportunity to purchase a cash-flowing updated apartment building at an approx. 7% CAP in Canada's strongest economic region - home to both BC Hydro's Site C Dam and Shell's LNG Canada project - combined at nearly $100,000,000,000 in project costs! Great residential downtown location within walking distance to all major amenities... Show More
Unique opportunity to purchase a cash-flowing updated apartment building at an approx. 7% CAP in Canada's strongest economic region - home to both BC Hydro's Site C Dam and Shell's LNG Canada project - combined at nearly $100,000,000,000 in project costs! Great residential downtown location within walking distance to all major amenities (schools, shopping, entertainment) makes demand for these buildings strong year round. Pinewood A and B comprise a total of 42 suites, 2 Bachelor, 18 One Bedroom Units and 22 Two Bedroom Units. Coin operated laundry on each floor and several upgrades including on demand hot water heat and furnaces. Roofs are in good shape and many of the units have seen renovations. Currently 5 of the suites are operated as furnished rentals. This property is professionally managed and ready to perform in your portfolio. * PREC - Personal Real Estate Corporation (id:54626)
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