Our Listings

1530 ALBATROSS Avenue
Kitimat Kitimat V8C 1R1

$10,998,000
Multi-Family Commercial

Main Photo: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 1: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 2: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 3: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 4: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 5: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 6: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 7: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 8: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 9: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 10: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 11: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 12: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 13: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 14: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 15: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Photo 16: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8027189
Build. Type:
Low Rise (2-4 stories)
This is your opportunity to get involved in the booming LNG industry in Northern BC. Viewpoint Apartments in Kitimat consists of 8 buildings with 10 units each. Recent updates include roofs, exterior paint, hot water system and 40 unit interiors (flooring, paint, window coverings, appliances, etc). Ten units were recently renovated and furnished, earning excellent rents. Thirty percent of the suites at Viewpoint Apartments have been made vacant. As a result, you can capitalize on explosive rental market in Kitimat. Rents are rising rapidly during the current multi-billion dollar LNG construction project. Thousands of people have already arrived in Kitimat. Many thousands more are expected by the end of this year. Conservative projections place Viewpoint Apartments stabilized cap rates between 9.60% - 10.30%. Capitalize on the rapid growth and unprecedented growth in this fast-paced energy town.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
80
Year built:
1957 (Age: 62)
Total Floor Area:
1.48 acre(s)
Land Use/Zoning:
R3A
Taxes:
$10,090.74 / 2018
# Elevators:
0
HVAC:
Hot Water
Env Assmt Phase:
None
Original Price:
$10,998,000
  • Photo 1: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 1 of 16
  • Photo 2: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 2 of 16
  • Photo 3: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 3 of 16
  • Photo 4: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 4 of 16
  • Photo 5: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 5 of 16
  • Photo 6: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 6 of 16
  • Photo 7: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 7 of 16
  • Photo 8: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 8 of 16
  • Photo 9: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 9 of 16
  • Photo 10: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 10 of 16
  • Photo 11: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 11 of 16
  • Photo 12: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 12 of 16
  • Photo 13: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 13 of 16
  • Photo 14: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 14 of 16
  • Photo 15: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 15 of 16
  • Photo 16: 1530 ALBATROSS Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8027189
    Photo 16 of 16
Larger map options:
Data was last updated October 21, 2019 at 04:00 AM (UTC)
Bruce Long CCIM, FRI
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.