1260 Kingfisher Avenue Kitimat, British Columbia V8C 1G5
$4,500,000
Positioned in one of Northern BC’s strongest, most resilient rental markets—fuelled by LNG Canada & Rio Tinto—turnkey, income-producing 30-unit apartment building presents an exceptional opportunity to acquire a high-performing multifamily asset with immediate and long-term upside. Property features 30 large two-bed suites with rents starting at $2,200/month, generating $42,656 in monthly gross income at ~83% occupancy, delivering an attractive 8.76% cap rate. With five vacant suites ready for lease-up, investors can unlock an additional ~$11,000 in monthly gross income almost immediately, significantly boosting cash flow and value. Motivated seller is offering a rare low-equity entry structure, including a Vendor Take-Back bridge to support CMHC financing, an ideal acquisition for investors seeking strong leverage, scalable returns. Beyond the in-place income, the site offers significant future upside through a potential 18-unit expansion. Call us today to set up a showing! (id:49203)
Property Details
| MLS® Number | C8075060 |
| Property Type | Multi-family |
Building
| Constructed Date | 1957 |
| Size Interior | 9,600 Ft2 |
Land
| Acreage | Yes |
| Size Irregular | 1.43 |
| Size Total | 1.43 Ac |
| Size Total Text | 1.43 Ac |
https://www.realtor.ca/real-estate/29243758/1260-kingfisher-avenue-kitimat
Contact Us
Contact us for more information
Denise Salmon
Personal Real Estate Corporation, DK Group
#200 - 1455 Bellevue Avenue
West Vancouver, British Columbia V7T 1C3
(604) 913-9000
(604) 926-6929
www.remaxcrest.ca/
Christopher Kiska
#200 - 1455 Bellevue Avenue
West Vancouver, British Columbia V7T 1C3
(604) 913-9000
(604) 926-6929
www.remaxcrest.ca/
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January 25 2026 05:47:21
BC Northern Real Estate Board
RE/MAX Masters Realty