Multifamily

Viewpoint

1530 Albatross Ave, Kitimat, BC V8C 1R1

Listing Price: $9,900,000

Cap Rate
8.26%
Number of Units
80
Price/Unit
$123,750

Investment Overview

Marcus & Millichap is pleased to present this Rare investment opportunity for a multi-family freehold property in the centre of Kitimat, BC. The Viewpoint Apartment Complex at 1530-1600 Albatross Ave is comprised of eight apartment buildings, totalling 80 units, with an attractive suite mix. There are two parking lots for tenants, several common area green spaces, and laundry rooms in each of the buildings. The central location, easy highway access, and well maintained 4+ acre lot with walking paths, provide an ideal living experience for its residents. The strata is efficiently run and managed by the ownership group and on-site maintenance and management is available to tenants. Kitimat is surrounded by several parks and nature reserves and the demand for housing in Kitimat due to the LNG project has caused a massive surge in real estate investment.

Investment Highlights

  • Viewpoint Apartments is comprised of eight apartment buildings, totalling 80 units, with an attractive suite mix
  • Central location, easy highway access, and well maintained 4+ acre lot with walking paths, provide an ideal living experience for its residents
  • Attractive in-place assumable CMHC financing and Vendor take-back financing available
  • Across the street, Oceanview Apartments, featuring 119 additional apartment units is also available for sale. Together, almost 200 apartment units are available for sale providing substantial economies of scale for an investor

Exclusively Listed By

Listing Price: $9,900,000

Cap Rate
8.26%
Number of Units
80
Price/Unit
$123,750

Investment Highlights

  • Viewpoint Apartments is comprised of eight apartment buildings, totalling 80 units, with an attractive suite mix
  • Central location, easy highway access, and well maintained 4+ acre lot with walking paths, provide an ideal living experience for its residents
  • Attractive in-place assumable CMHC financing and Vendor take-back financing available
  • Across the street, Oceanview Apartments, featuring 119 additional apartment units is also available for sale. Together, almost 200 apartment units are available for sale providing substantial economies of scale for an investor

Investment Overview

Marcus & Millichap is pleased to present this Rare investment opportunity for a multi-family freehold property in the centre of Kitimat, BC. The Viewpoint Apartment Complex at 1530-1600 Albatross Ave is comprised of eight apartment buildings, totalling 80 units, with an attractive suite mix. There are two parking lots for tenants, several common area green spaces, and laundry rooms in each of the buildings. The central location, easy highway access, and well maintained 4+ acre lot with walking paths, provide an ideal living experience for its residents. The strata is efficiently run and managed by the ownership group and on-site maintenance and management is available to tenants. Kitimat is surrounded by several parks and nature reserves and the demand for housing in Kitimat due to the LNG project has caused a massive surge in real estate investment.

Exclusively Listed By

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