Investment Overview

Marcus & Millichap is pleased to present an exclusive forward-sale opportunity to acquire 26 strata-titled rental units within Sitka House (the “Subject Property”), a newly constructed 88-unit multi-residential building located at 150 James Road in Port Moody. Of the 88 total units, 62 are pre-sold condominiums and 26 are designated rental units, with occupancy anticipated for Summer 2025. The rental units are professionally managed by Pacific Quorum Properties, with pre-leasing already underway. The rental units are subject to a 20-year housing agreement requiring rents to be set at 15% below market value. After 20 years, the restrictions lift, allowing units to be rented at market rates or sold as individually strata-titled units—unlocking substantial long-term equity potential for investors. The property enhances the vibrant Port Moody community with a range of modern amenities that support a family-friendly lifestyle. Just minutes away, Rocky Point Park offers waterfront trails, green spaces, and recreational facilities, adding to the appeal of the surrounding neighborhood. Port Moody is also home to excellent schools, such as the newly constructed Port Moody Middle School that is across the street from Sitka House, and an abundance of retail stores along St. Johns Road, further enhancing the family-focused community.