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142,005 ft²
Multifamily
$6,100,000
Sale



The vendor has exclusively retained Form Real Estate Advisors to facilitate the sale of 951 & 1051 Abbott Drive (the “Subject Property”). The Subject Property presents a stable income producing, multifamily investment opportunity with significant upside on rents in a market that has limited rental housing options. - 84-unit apartment building located in the Abbot Heights neighbourhood of Quesnel, BC - Stable income-producing property with significant upside potential on rents - Large units - 82 of the 84 units are complete with two bathrooms - Located in close proximity to all amenities and major retailers, including Save-On-Foods anchored West Park Mall - Recent improvements include hot water tank replacement (2019) and suite renovations that have been completed upon lease renewals - Situated 2 km’s west of downtown Quesnel, providing easy access to all major transportation routes including Cariboo Highway 97 - In-house washer/dryer, bike room, and ample parking available for tenants


The Space
Asking Price$6,100,000
Available Space142,005 ft²
Taxes$33,209/yr
ZoningRM-2
Cap Rate6.54%
Year Built1981
Parking Spaces100
Net Operating Income$398,946/yr

The Building
Property TypeMultifamily