9827 97 Ave - Apartments FOR SALE


Fort St John, BC V1J 1N7
$1,249,800 CAD
778-715-5238
9827 97 Ave, Fort St John, BC for Sale
$1,249,800 CAD
Apartments - FOR SALE
1/9
null | 6.73% Cap Rate

9827 97 Ave
Fort St John, BC V1J 1N7


HIGHLIGHTS

  • Stabilised 12-Unit Walk-Up · 100% Occupied · 6.73% Cap at List · NOI $84,080 on Stabilised Pro Forma
  • Rents 20.7% Below Appraised Market · ~$18,912 Annual Upside on Lease-to-Market Turnover (No Rent Control on New Tenancies)
  • Downtown Fort St. John · Walk Score 91 · CMHC Apartment Vacancy 2.4% in 2025 (vs. 6.3% in 2024) · Rents +4.6% Year-Over-Year
  • Independent Appraisal $1,210,000 (Dec 2025) · Listed at $1,249,800 · Sits Below 8 of 10 Active Northern BC Multifamily Listings
  • Anchored to a $90–120B NEBC Regional Capital Pipeline 2025–2035 · LNG Canada Phase 2 FID Expected by Year-End 2026
  • 10-Yr Levered IRR 22.4% · Year-One Cash-on-Cash 7.10% · DSCR 1.22× @ 85% LTV CMHC-Insured (Illustrative Model)

OVERVIEW

Twelve-unit residential walk-up in downtown Fort St. John, BC — retrofitted, fully leased, and offered as a turnkey income asset in the most active oil and gas service centre in Western Canada. Listed at $1,249,800 ($104,150 per unit) on a 6.73% cap rate at stabilised pro forma. THE BUILDING. A unit-by-unit retrofit has been completed and documented — scope, spend, and improvements all on file. What a buyer takes over is a building that has already been repositioned, with a defensible rent roll, full lease history, and capital schedule in place. Nothing deferred. Nothing pending. ALWAYS FULL. The building runs at 100% occupancy because of where it sits — Walk Score 91, downtown core, on the south side of 97 Avenue, walkable to work, services, and transit. In a city of 24,676 where the median household earns $150,887 per year and the renter share is 43.5%, this is the address tenants want. And they stay. TROUBLE-FREE FINANCING. The asset qualifies for CMHC-insured financing under the MLI Select program. At 85% LTV, illustrative Year-One cash-on-cash is 7.10%, DSCR 1.22×, and the 10-year levered IRR runs to 22.4% on a conservative rent-growth schedule. Equity in: approximately $210,000. Stabilised income, insured debt, and a city the major Canadian banks already underwrite confidently — trouble-free in the most literal sense. A BOOMING LNG TOWN. Fort St. John sits at the labour and logistics centre of British Columbia's $90 billion+ Northeast capital pipeline through 2035 — LNG Canada Phase 2 (FID expected late 2026), Enbridge Sunrise Expansion (federally approved April 2026), Cedar LNG, Coastal GasLink Phase 2, PRGT, Ksi Lisims, the North Coast Transmission Line, and a sustained Montney drilling program led by Tourmaline, ARC Resources, Ovintiv and Canadian Natural. CMHC apartment vacancy compressed from 6.3% (2024) to 2.4% (2025). Average rents are up 4.6% year over year. Only seven net new rental units were added to local stock in 2025. An independent appraisal effective December 31, 2025 supports the list price. Brochure, rent roll, operating statements, and a full 10-year buyer returns model are available to qualified purchasers on request.

FOR SALE DETAILS

PRICE

$1,249,800 CAD

PRICE/SF

$96 CAD /SF

# OF UNITS

12

PRICE/UNIT

$104,150

CAP RATE

6.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,001 SF

ZONING

RM-2

APN/PARCEL ID

013-750-780 · 013-750-771

ASK ABOUT THIS PROPERTY

Seth BakerMultifamily Real Estate ServicesMore Info
778-715-5238

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Seth BakerMultifamily Real Estate ServicesMore Info
778-715-5238

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