CABCKitimat1260 Kingfisher Ave S
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1260 Kingfisher Ave S, Kitimat, BC

Real Estate

For Sale

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000

MLS® C8075060

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 9600 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 22
Approx. Age 1957
Avg. Price Per Sqft $468
MLS® Number C8075060

Property Address: 1260 Kingfisher Ave S, Kitimat, BC, V8C1G5

Average square foot calculated using Size range provided by listing agent.

Description

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:58753)Show Description
MLS® NumberC8075060
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1957
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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Price History

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Commute

Starting Address
Destination Address
1260 Kingfisher Ave S, Kitimat, BC

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