$ 4,300,000
7205 Pine Drive,
Port Hardy, BC
About this property
Town Park Apartments presents an exceptional investment opportunity featuring a four-building, 71-unit complex offered at an unheard-of value of $60,000 per unit. Situated in the northern island community of Port Hardy, the property spans 2.92 acres and enjoys proximity to various amenities, transportation links, and a diverse selection of community resources. Comprising a suite mix of 20 Bachelor, 35 One-Bedroom, and 16 Two Bedroom units, each boasting generous floor plans, the complex has recently undergone substantial capital improvements exceeding $1.6 million. Enhancements include a new FOB system, upgraded fire panel, enhanced security infrastructure including cameras and lighting, renewed common area carpets, exterior painting, and a significant majority of unit renovations. Coupled with escalating rental rates, a robust local economy, and limited rental inventory, the property promises investors a stable cash flow stream and potential revenue growth on tenant turnover.
Amenities and Features
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