1260 Kingfisher Av S - Apartments FOR SALE


Kitimat, BC V8C 1G5
$4,500,000 CAD
604-913-9000
1260 Kingfisher Av S, Kitimat, BC for Sale
$4,500,000 CAD
Apartments - FOR SALE
1/6
null | 8.76% Cap Rate

1260 Kingfisher Av S
Kitimat, BC V8C 1G5


HIGHLIGHTS

  • 30 well-maintained 2-bedroom units across three buildings offer stable long-term investment potential.
  • Located in Kitimat’s core, the property benefits from proximity to major employers and infrastructure.
  • Positioned to capitalize on housing demand driven by the LNG Canada project and regional growth.
  • Strong rental fundamentals supported by a rising population and limited multifamily inventory.
  • Ideal for investors seeking reliable cash flow in a high-opportunity economic corridor.

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$4,500,000 CAD

PRICE/SF

$156 CAD /SF

# OF UNITS

30

PRICE/UNIT

$150,000

CAP RATE

8.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtown Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

R3-A

APN/PARCEL ID

012-092-886

ASK ABOUT THIS PROPERTY

Denise SalmonRe/Max Masters RealtyMore Info
604-913-9000

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Denise SalmonRe/Max Masters RealtyMore Info
604-913-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.