Commercial Real Estate in BC
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8079990
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (36)
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Six-unit apartment building in Prince George's Crescents, fully tenanted. Built 1956, 3 studio, 3 one-bedroom, single-storey with basement, wood-frame with vinyl siding on two lots totalling 5,825 sf. RT2 zoning. Tenants pay their own BC Hydro, keeping the op-ex ratio under 38%. Long-term tenants, low turnover, clean operating history. Stabilized NOI is $44,941, a 6.43% cap at asking, with FY2025 actual NOI of about $46,000 supporting the pro forma. Annual rent roll $74,100. At $116,500 per unit the building is among the most affordable investments in PG. Walk Score 71, about five minutes to downtown, schools and the hospital. Financials and rent roll available to qualified buyers.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Frame Wood
- Num Storeys:
- 1
- Building Type:
- Low Rise (2-4 storeys)
- # Units Total:
- 6
- # Other Units:
- 0
- # of Apartments:
- 6
- # of Studio Apartments:
- 3
- # of Penthouse Apartments:
- 0
- # of Bachelor Apartments:
- 0
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 3
- # of 2 Bedroom Apartments:
- 0
- # of 3 Bedroom Apartments:
- 0
- Year built:
- 1956 (Age: 70)
- Living Area:
- 4,000 sq. ft.
- Lot Area:
- 5,662.8 sq. ft.
- Zoning:
- RT-2
- Electricity:
- No
- Parcel Number:
- 009597557
- Taxes:
- $5,857 / 2026
- No
- # Elevators:
- 0
- Water Rights:
- No
- Env Assmt Phase:
- No
- Cap Rate %:
- 6.43
- Gross Income:
- 74100.0
- Oper. Expenses:
- 27436.0
- Other Income:
- $500
- Effective Gross Income:
- $72,377
- Net Operating Income:
- $44,941
- Original Price:
- $699,000
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Multi-unit property featuring two distinct entrances, each with a covered porch and metal railings -
Single-story structure featuring horizontal siding and a flat roofline
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Duplex exterior featuring light brown siding and a flat roofline
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Multi-unit property featuring a concrete driveway, two distinct entrances, and exterior siding with brick accents
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Multi-unit dwelling featuring tan horizontal siding and a brown flat roof
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Two structures featuring beige horizontal siding, white trim, and a flat roofline
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Paved lot with partial overhang structure, concrete retaining wall, and established perimeter trees
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Single-story commercial building featuring multiple windows and a flat roofline
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Efficiently designed living space featuring wood-finish flooring throughout, a compact kitchen area with a white electric range and matching cabinetry, and a full bathroom with a built-in tub and white fixtures
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White bathtub with a tiled surround
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Bathroom featuring a pedestal sink, wall-mounted mirror, and a bathtub with a shower combination
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Spacious interior room with light blue wall paint and grey carpet flooring
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Room featuring wood-finish flooring, a window with horizontal blinds, and a built-in closet with a hanging rod
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Room featuring light gray painted walls and light-toned tile flooring
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Galley kitchen featuring wood-finish cabinetry, a black and white patterned countertop, and a white electric range
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Kitchen featuring wood cabinetry, white countertops, vinyl flooring, and a white electric range
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Carpeted living area featuring a large window with horizontal blinds
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Interior space featuring wood-finish flooring, a window with blinds, and white walls
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Spacious room featuring wood-finish flooring, a contemporary ceiling light fixture, a built-in shelving unit, and painted white walls
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Compact living area featuring light gray walls, two windows with horizontal blinds, and tile flooring
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Lower level utility area featuring multiple electrical meters, exposed ceiling joists, and a painted concrete floor
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Utility area featuring a double basin sink, exposed ceiling joists, and a perimeter window
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Open concept living space with recessed lighting, wood-finish flooring, and a large window with horizontal blinds
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Open-concept living area featuring tile flooring and light gray painted walls
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Open concept living area featuring wood-finish flooring, a kitchen with white cabinetry, a built-in range hood, and a window with blinds
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Floor plan
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Floor plan
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Aerial view
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Listed by Multifamily Real Estate Services Corporation
Data was last updated June 30, 2026 at 12:35 AM (UTC)
- Karan Ghai
- REXARA REALTY INC
- 1 (778) 3173190
- info@karanghai.ca
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Karan Ghai
Cell: 7783173190
Sonia Singh
Cell: 7783171453
Head Office
8128 128 St #287
Surrey, BC, V3W 1R1
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