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1260 KINGFISHER AVENUE, Kitimat
2026-01-13
Quick Summary
- Location
- 1260 KINGFISHER AVENUE, Kitimat, British Columbia V8C1G5
- Price
- $4,500,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 9600 sqft
- Year of Construction:
- 1957
MLS®#C8075060
Property Description
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:32467)
Property Features
Building
- Fireplace: No
- Interior Size: 9600 sqft
Land
- Land Size: 1.43 ac
Information entered by RE/MAX Masters Realty
Listing information last updated on: 2026-01-25 17:47:21
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
Yes, and yes.
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