John Yun (604) 500-4339 | David Seo (306)730-9871

    3 SEPARATE APT BUILDINGS, BURNS LAKE. BC
    $ 3 400 000

    335 5th Avenue, Burns Lake, BC, V0J 1E3

    Description

    Description


    HIGH CAP RATE APARTMENT INVESTMENT OPPORTUNITY


    SOLID, STABLE & PROFITABLE  INVESTMENT OPPORTUNITY


    Burns Lake is a beautiful lake town right on TransCanada Highway 16 with a population of 2,000 and is demanding more lodging and accommodation now than ever before.

    The subject investment property consists of “The Lakes District Apartments” consisting of three apartment buildings located in Burns Lake, BC. The “Mountain View Manor” at 335 5th Ave contains 25 units. The “Spruce Grove Manor” at 405 5th Ave includes 21 units and the “Landmark Manor” at 205 1st Ave includes 17 units. A total of 63 units in separate locations are well-positioned throughout the town and play a very important role in the town’s accommodation market.

    If you’re looking for a solid and high cash flow investment property, this well-priced investment opportunity is something you don’t want to miss so please contact the listing agent for more information asap before this rarely available opportunity is gone!


    Absolutely No Direct Contact To Sellers, Employees, Staffs


    EXECUTIVE SUMMARY

     Building 1

    • Name:  Mountain View Manor

    • Address:  335 5th Avenue, Burns Lake, BC, V0J 1E3

    • Legal Description:       LOT 15, PLAN PRP1245, DISTRICT LOT 5343, RANGE 5,             COAST RANGE 5 LAND DISTRICT, EXCEPT PLAN PRP8654

    • PID:  008-337-748

    • Land Size:  52,272 SF or 1.2 Acres

    • Assessed Value:  $917,900 (2019)

    • Property Tax:  $14,117.72 (2019)

    • No. of Units:  25 Unit

    Building 2

    • Name:  Spruce Grove Manor

    • Address:  405 5th Avenue, Burns Lake, BC, V0J 1E3

    • Legal Description:       LOT G, DISTRICT LOT 5347, RANGE 5, COAST District 5475             EXCEPT PLAN 9158

    • PID:  008-337-802

    • Land Size:  46,522 SF or 1.068 Acres

    • Assessed Value:  $715,600 (2019)

    • Property Tax:  $10,983.93 (2019)

    • No. of Units:  21 Units

    Building 3

    • Name:  Landmark Manor

    • Address:  205 1st Avenue, Burns Lake, BC, V0J 1E0

    • Legal Description:       LOT 4, 5 & 6, DISTRICT LOT 5344, RANGE 5, COAST District             PLAN 8238

    • PID:  007-873-930

    • Land Size:  21,867 SF or 0.502 Acres

    • Assessed Value:  $608,500 (2019)

    • Property Tax:  $9,666.77 (2019)

    • No. of Units:  17 Units


    Financial Statements are available for qualified buyers.

    For more information, please contact John Yun at 604-500-4339 / info@johnyun.ca or David Seo at 306-730-9871 / info@davidseo.ca asap!