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1116 Peace Portal Dr 1 Unit Apartment Building Offered at $1,283,990 CAD at a 4.90% Cap Rate Blaine, WA 98230
Investment Highlights
- Water View
- Convenient access to downtown Blaine, U.S.–Canada border, and local waterfront attractions.
- Zoned RO, allowing flexibility to redevelop into duplex or four-plex configurations.
- Duplex
- Property features detached garage parking, additional uncovered spaces, and public utility connections.
Executive Summary
Positioned along Blaine’s picturesque Peace Portal Drive with captivating water views, 1116 Peace Portal offers a rare investment opportunity for buyers seeking inherent charm and future potential. This three-story Craftsman-style residence combines classic detailing with modern functionality, featuring five bedrooms and four bathrooms across an efficient layout. The flexible RO zoning presents redevelopment options, including the possibility of converting to a duplex or four-plex for added income potential.
The property’s thoughtful exterior elements include a deck overlooking the ocean, a red gazebo, and a wooden hot tub structure, creating an inviting outdoor environment. The home offers partially fenced yards, a detached garage with additional uncovered spaces, and access to essential utilities. Located in a walkable neighborhood just minutes from the U.S.–Canada border, residents benefit from proximity to Blaine’s retail and dining core, major thoroughfares, and scenic coastal amenities. Offered at $899,000, the asset provides buyers a chance to secure a versatile property with strong lifestyle appeal and redevelopment upside in one of Whatcom County’s most desirable seaside communities.
The property’s thoughtful exterior elements include a deck overlooking the ocean, a red gazebo, and a wooden hot tub structure, creating an inviting outdoor environment. The home offers partially fenced yards, a detached garage with additional uncovered spaces, and access to essential utilities. Located in a walkable neighborhood just minutes from the U.S.–Canada border, residents benefit from proximity to Blaine’s retail and dining core, major thoroughfares, and scenic coastal amenities. Offered at $899,000, the asset provides buyers a chance to secure a versatile property with strong lifestyle appeal and redevelopment upside in one of Whatcom County’s most desirable seaside communities.
Property Facts
| Price | $1,283,990 CAD | Property Type | Multifamily |
| Price Per Unit | $1,283,990 CAD | Building Size | 2,758 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 4.90% | Year Built/Renovated | 1905/1926 |
| No. Units | 1 |
| Price | $1,283,990 CAD |
| Price Per Unit | $1,283,990 CAD |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| No. Units | 1 |
| Property Type | Multifamily |
| Building Size | 2,758 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1905/1926 |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 405101-495401-0000 | Improvements Assessment | $503,120 CAD |
| Land Assessment | $200,554 CAD | Total Assessment | $703,674 CAD |
Property Taxes
Parcel Number
405101-495401-0000
Land Assessment
$200,554 CAD
Improvements Assessment
$503,120 CAD
Total Assessment
$703,674 CAD
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1116 Peace Portal Dr
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