Multifamily
Northland Apartments
9715 102 Ave, Fort St. John, BC V1J 2C8
Listing Price: $1,390,000
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Northland Apartments, a 14-unit rental apartment building strategically located at 9715 102 Avenue in the heart of Fort St. John.
The Property features an attractive suite mix of bachelor, one-bedroom, and two-bedroom units within a well-maintained two-storey wood-frame building, providing broad appeal across a diverse tenant base and supporting long-term occupancy stability.
Ideally situated near downtown Fort St. John’s employment centres, retail amenities, schools, healthcare services, and recreational facilities, Northland Apartments benefits from a highly accessible location that continues to attract consistent rental demand.
The Property also presents an attractive financing opportunity, with strong potential to qualify for CMHC MLI Select financing, significantly reducing the required equity investment while enhancing overall returns. Investors have the opportunity to unlock additional value through the completion of ongoing renovations and lease-up of vacant suites, rental growth through tenant turnover, and continued professional management. Together, these factors create a compelling investment opportunity combining stable in-place cash flow with meaningful upside potential.
Northland Apartments
Investment Highlights
- Listed at $1,390,000, Northland Apartments offers investors a rare sub-$100k-per-unit entry point into a 14-suite apartment asset.
- Situated in Fort St. John near the downtown core, everyday services, schools, recreation, and major transportation routes.
- Combination of bachelor, one-bedroom and larger two two-bedroom suites supports diversified tenant demand and rental resiliency.
- Existing cash flow is complimented by upside through suite turnover, rent growth, and the completion of the vacant unit renovations.
- Strong potential to qualify for CMHC MLI Select financing, allowing for high LTV, attractive interest rate and extended amortization.
- The Property has benefited from consistent maintenance and upgrade work including, suite renovations, window replacements, hot water tanks replacements new fire panel board, and regular roof inspections.
Exclusively Listed By
Listing Price: $1,390,000
Investment Highlights
- Listed at $1,390,000, Northland Apartments offers investors a rare sub-$100k-per-unit entry point into a 14-suite apartment asset.
- Situated in Fort St. John near the downtown core, everyday services, schools, recreation, and major transportation routes.
- Combination of bachelor, one-bedroom and larger two two-bedroom suites supports diversified tenant demand and rental resiliency.
- Existing cash flow is complimented by upside through suite turnover, rent growth, and the completion of the vacant unit renovations.
- Strong potential to qualify for CMHC MLI Select financing, allowing for high LTV, attractive interest rate and extended amortization.
- The Property has benefited from consistent maintenance and upgrade work including, suite renovations, window replacements, hot water tanks replacements new fire panel board, and regular roof inspections.
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Northland Apartments, a 14-unit rental apartment building strategically located at 9715 102 Avenue in the heart of Fort St. John. The Property features an attractive suite mix of bachelor, one-bedroom, and two-bedroom units within a well-maintained two-storey wood-frame building, providing broad appeal across a diverse tenant base and supporting long-term occupancy stability. Ideally situated near downtown Fort St. John’s employment centres, retail amenities, schools, healthcare services, and recreational facilities, Northland Apartments benefits from a highly accessible location that continues to attract consistent rental demand. The Property also presents an attractive financing opportunity, with strong potential to qualify for CMHC MLI Select financing, significantly reducing the required equity investment while enhancing overall returns. Investors have the opportunity to unlock additional value through the completion of ongoing renovations and lease-up of vacant suites, rental growth through tenant turnover, and continued professional management. Together, these factors create a compelling investment opportunity combining stable in-place cash flow with meaningful upside potential.
Exclusively Listed By
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