Skip to main content

Multifamily

Oceanview Apartments

1493 Albatross Ave, Kitimat, BC V8C 1P9

Listing Price: $13,900,000

Cap Rate
7.81%
Number of Units
119
Price/Unit
$116,807
Price/Gross SF
$54.44
Gross SF
255,305

Investment Overview

Marcus & Millichap is pleased to present this unique opportunity to acquire 100% freehold interest in Oceanview Apartments, comprised of the addresses 1493, 1517, 1527, 1547 & 1567 Albatross Avenue and 1130 & 1160 Kingfisher Avenue, Kitimat, BC (the “Property”). Oceanview Apartments is currently improved with seven existing apartment buildings, all separately titled, for a total of 119 residential units. Well located in the heart of Kitimat, with easy highway access, the 255,305 sf lot is very well maintained with walking paths and ample surface parking for residents. The Property benefits from a dedicated on-site caretaker and maintenance team and is self-managed by the ownership group.

Investment Highlights

  • 119 High Quality Rental Units Across Seven Stratified Buildings
  • Located in Kitimat Where Canada Will be Moving Forward With the Largest Private-sector Development in Canada's History
  • Viewpoint Apartments, Featuring Eighty Additional apartment Units is Also Available for Sale.

Exclusively Listed By

Multifamily

Oceanview Apartments

Listing Price: $13,900,000

Cap Rate
7.81%
Number of Units
119
Price/Unit
$116,807
Price/Gross SF
$54.44
Gross SF
255,305

Investment Highlights

  • 119 High Quality Rental Units Across Seven Stratified Buildings
  • Located in Kitimat Where Canada Will be Moving Forward With the Largest Private-sector Development in Canada's History
  • Viewpoint Apartments, Featuring Eighty Additional apartment Units is Also Available for Sale.

Investment Overview

Marcus & Millichap is pleased to present this unique opportunity to acquire 100% freehold interest in Oceanview Apartments, comprised of the addresses 1493, 1517, 1527, 1547 & 1567 Albatross Avenue and 1130 & 1160 Kingfisher Avenue, Kitimat, BC (the “Property”). Oceanview Apartments is currently improved with seven existing apartment buildings, all separately titled, for a total of 119 residential units. Well located in the heart of Kitimat, with easy highway access, the 255,305 sf lot is very well maintained with walking paths and ample surface parking for residents. The Property benefits from a dedicated on-site caretaker and maintenance team and is self-managed by the ownership group.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower