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:46156)

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