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Multifamily

565 Mouse Mountain Dr

565 Mouse Mountain Dr, Fraser Lake, BC V0J 1S0

Listing Price: $650,000

Cap Rate
6.53%
Number of Units
25
GRM
6.02
Price/Unit
$26,000
Price/Gross SF
$10.15
Gross SF
64,033

Investment Overview

25-unit rental apartment building in the charming northern town of Fraser Lake. The building is reinforced with a concrete foundation, with wood frame on top and a torch on roof which was replaced in 2021. Heating is provided via electric baseboards in the units but is gas fired forced air in the common areas. Hydro is paid for by the tenants. There are individual electric hot water tanks in each suite, plus a larger tank for the shared laundry areas.

Investment Highlights

  • The property features an attractive mix of suite types, with a majority of the units having received some form of renovations and upgrades including new flooring and paint.
  • With 13 units currently sitting vacant, the property is uniquely-positioned for a huge income lift and long-term value-add potential under the right management.
  • The Property sits on a large 1.47 acre site, in a quiet residential pocket of town, that's walking distance to local school and the downtown core.

Exclusively Listed By

Multifamily

565 Mouse Mountain Dr

Listing Price: $650,000

Cap Rate
6.53%
Number of Units
25
GRM
6.02
Price/Unit
$26,000
Price/Gross SF
$10.15
Gross SF
64,033

Investment Highlights

  • The property features an attractive mix of suite types, with a majority of the units having received some form of renovations and upgrades including new flooring and paint.
  • With 13 units currently sitting vacant, the property is uniquely-positioned for a huge income lift and long-term value-add potential under the right management.
  • The Property sits on a large 1.47 acre site, in a quiet residential pocket of town, that's walking distance to local school and the downtown core.

Investment Overview

25-unit rental apartment building in the charming northern town of Fraser Lake. The building is reinforced with a concrete foundation, with wood frame on top and a torch on roof which was replaced in 2021. Heating is provided via electric baseboards in the units but is gas fired forced air in the common areas. Hydro is paid for by the tenants. There are individual electric hot water tanks in each suite, plus a larger tank for the shared laundry areas.

Exclusively Listed By

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