5220 49 St, Fort Nelson

Sold for $720,000

$720,000

Sale Price

26

Apartment Units

1980

Year Built

9.04%

Cap Rate

DESCRIPTION

Aurora Manor, 5220 49 St, Fort Nelson is a 26-unit apartment building in the far north of British Columbia.  

Building is a solid 1980 3-storey walk-up construction with concrete foundation and wood frame. Exterior is wood siding. Windows are original double pane aluminum frame. Roof is sloped asphalt shingle replaced approximately 10 years ago.

Units feature a mix of carpet, vinyl tile and sheet vinyl flooring. Interior walls are painted drywall. Each unit has a 4-piece bathroom, kitchen stove, dishwasher and refrigerator.

Virtually all suites have been substantially renovated over the past four years. Interior upgrades include flooring, appliances, paint, doors, cabinets and bathroom fixtures (as needed). All renovated suites are fitted with new window coverings.

SPECIFICATIONS

Property Type · Apartment Building
Price Per Unit · $30,731
Lot Size · 33,600 Sq Ft
Rentable Area · 17,875 Sq Ft
Parking · 40+ Surface Parking Spaces

HIGHLIGHTS

• Updated Building Exterior

• Well-Maintained for Entire Tenure of Ownership

• Lowest Price Per Unit in British Columbia

LOCATION

5220 49 Street
Fort Nelson, BC

Legal Description
Lot 4, 5 & 6 Plan PGP24109 District Lot 1535 Land District 44

PID
008-351-538, 008-351-554, 008-351-562