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1260 KINGFISHER AVENUE
Kitimat British Columbia V8C1G5 Canada

$4,500,000

Active Listing ID C8075060
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9,600 square feet
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Multi-family

$4,500,000

Active Listing ID C8075060
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1260 KINGFISHER AVENUE Positioned in one of Northern BC’s strongest, most resilient rental markets—fuelled by LNG Canada & Rio Tinto—turnkey, income-producing 30-unit apartment building presents an exceptional opportunity to acquire a high-performing multifamily asset with immediate and long-term upside. Property features 30 large two-bed suites with rents starting at $2, 200/month, generating $42, 656 in monthly gross income at ~83% occupancy, delivering an attractive 8.76% cap rate. With five vacant suites ready for lease-up, investors can unlock an additional ~$11, 000 in monthly gross income almost immediately, significantly boosting cash flow and value. Motivated seller is offering a rare low-equity entry structure, including a Vendor Take-Back bridge to support CMHC financing, an ideal acquisition for investors seeking strong leverage, scalable returns. Beyond the in-place income, the site offers significant future upside through a potential 18-unit expansion. Call us today to set up a showing! (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Additional Features
  • Basement
Listing Changed: 1/25/2026 6:00:39 PM GMT
Source Updated Date: 3/7/2026 12:00:12 PM GMT

Courtesy of: Denise Salmon, Personal Real Estate Corp, RE/MAX Masters Realty