1475 Queensway Street, Connaught, Prince George

$2,250,000 |   MLS® Number  C8068120

Multi-family for sale in Connaught, Prince George, PG City Central, 1475 Queensway Street, 224973189 | Realtylink.org

Multi-family for sale

Floor Area
14,364 sqft
Lot Size
17,211 sqft
Gross Property Tax
$20,638.07 /year
Building Type
Low Rise (2-4 storeys), Residential Mix
Zoning
RM6
# of Parking Spaces
15
Amenities
Balconies
Suite Mix Information
6 x 1 ½, 9 x 2 ½
Total no. of Units
15

15-unit (6 one-beds, 9-two beds), free-standing apartment building at the foot of Connaught Hill, minutes into downtown PG along a major bus route. Building is well-kept with maintenance completely up to date. Ample parking at rear. 100% occupancy, each unit is separately metered with current tenants paying their own utilities. All units modernized to include updated counter-tops, re-painted cabinets, new paint, flooring, trim, hardware, light sockets, and switches. Essential upgrades include new toilets, fridges, stoves, and several hot water tanks. Lots of opportunity for rental upside with below market rents in 80% of the units; in-place cap rate is 5.1%.