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Evergreen Peaks 491 5 Av 17 Unit Apartment Building $4,250,000 CAD ($250,000 CAD/Unit) 6.01% Cap Rate Fernie, BC V0B 1M0
Investment Highlights
- Irreplaceable downtown location within walking distance of the historic commercial core.
- Comprehensively updated exterior profile.
- The roof was replaced in 2008.
- Comprehensively updated mechanical profile.
- Balconies were fully rebuilt six years ago.
- Common areas benefit from sensor lighting throughout.
Executive Summary
1491 5th Avenue presents a well-maintained multifamily building with a comprehensively updated mechanical and exterior profile, offering investors a reliable income-producing asset with limited near-term capital exposure.
Property Facts
| Price | $4,250,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.58 AC |
| Cap Rate | 6.01% | Building Size | 7,000 SF |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1976/2008 |
| Property Subtype | Apartment | ||
| Zoning | R4 - High-Density Residential | ||
| Price | $4,250,000 CAD |
| Price Per Unit | $250,000 CAD |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 7,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1976/2008 |
| Zoning | R4 - High-Density Residential |
Amenities
Site Amenities
- Laundry Facilities
- Security System
- Storage Space
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
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Evergreen Peaks | 491 5 Av
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