| 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) |
Seth Baker
Multifamily Real Estate Services
