Multi-family for sale
1425 Nalabila Boulevard, Kitimat
$10,200,000
Features
Year Built
2022
Lot Size
110,642 sqft
Gross Property Tax
$10,519.15 /year
Building Type
Condo Strata Complex, Residential Mix
Zoning
R3-A
# of Parking Spaces
42
Description
Located in the strategically vital town of Kitimat, BC, 1425 Nalabila Boulevard offers a fully rebuilt, turnkey rental community of 30 townhomes. Renovated to an "as-new" standard between 2022-2024, each unit was taken down to the studs and reconstructed with new insulation, plumbing, electrical, HVAC, flooring, kitchens, and modern finishes. The property is currently 70% leased to long-term staff and contractors with LNG Canada and Fluor Canada at robust rents of $4,000 per month, generating immediate cash flow. With seven vacant units available, there is clear upside through lease-up. Comprehensive capital upgrades- including new roofs, siding, carports, vapor barriers, and landscaping, position the asset for durable performance with minimal near-term maintenance. Situated just 20 minutes from the LNG Canada terminal and in close proximity to Rio Tinto's aluminum smelter, the property is ideally positioned to capture sustained rental demand driven by multi-billion-dollar industrial
MLS® Number C8072523