1241 Lark Ave, Quesnel

Sold for $3,550,000

$3,550,000

Sale Price

42

Strata-Titled Units

1980

Year Built

$83,286

Price Per Unit

DESCRIPTION

Sold for over asking price!! Woodgrove Manor is a rare asset located in Quesnel, British Columbia. What makes it different than most buildings? It has individual strata titles for all 42 units. This provides multiple strategies for ownership, financing, and future disposition. 

Apartments are large at ~900 square feet each.  Forty units have two bedrooms and two bathrooms with generous in-suite storage. Two one-bedroom units are located on the ground floor next to storage and mechanical areas. All upper units have large balconies with aluminum sliding doors.

Building upgrades include a new roof in 2014 and two high-efficient hot water tanks in 2019. All units have been updated with new laminate flooring, paint, and window coverings. Building heat is electric baseboards. Tenants pay their own electricity. Appliances and bathroom fixtures are regularly replaced, making sure there is no deferred maintenance.

The Quesnel vacancy rate is 0.8% according to CMHC. Woodgrove Manor is fully occupied with no history of vacancy. Inquire today for similar deals in Quesnel.

SPECIFICATIONS

Property Type · Apartment Building
Price Per Unit · $83,286
Lot Size · 1.81 Acres (78,844 Sq Ft)
Rentable Sq Ft · 36,600 Sq Ft (Approx)
Zoning · RM-2
Year Built · 1980
Suite Mix · 2 x 1-Bedroom, 40 x 2-Bedroom
Parking · 60+ Surface Spaces

HIGHLIGHTS

• 100% Occupied with No History of Vacancy

• Well-Maintained with No Deferred Maintenance

• Strata Titles for Flexible Ownership and Sales Strategies

LOCATION

Civic Addresses
1241 Lark Ave, Quesnel, BC, V2J 1M5

Legal Descriptions
STRATA LOT 1 - 42, PLAN BCS2845, DISTRICT LOT 1229, CARIBOO LAND DISTRICT, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V

PIDs
Multiple PIDs