Multi-family for sale
4280 Quentin Avenue, Lakewood, Prince George
$6,350,000
$6,350,000
Multi-family for sale
4280 Quentin Avenue, Lakewood, Prince George
Features
Year Built
1975
Floor Area
35,067 sqft
Lot Size
64,033 sqft
Gross Property Tax
$49,577 /year
Building Type
Low Rise (2-4 storeys)
Building / Complex Name
Cedar Tower
Zoning
RM4
Amenities
Balconies, Laundry Facility, Secured Building
Suite Mix Information
22 x 1 ½, 23 x 2 ½
Total no. of Units
45
Description
Avison Young is pleased to present the opportunity to acquire Parkview Place, a 45-unit wood frame low-rise rental apartment building in Prince George, BC. The Property is institutionally owned, managed and upgraded with convenient access to Highway 16 & 97, Spruceland & Pine Centre Shopping Malls and educational hubs such as UNBC and College of New Caledonia. The Property has a 5.94% stabilized cap rate and features significant rental upside with current rents below market and strong additional revenue from parking, laundry and telecom. This offering presents an investor a remarkable opportunity to acquire superb scale in a highly desirable rental market. (Environmental: no further investigation required. Financing: assumable CMHC debt available or treat as clear title. Ownership status: asset sale)
MLS® Number C8063521