Elkford Apartment Buildings for Sale

Multifamily in Elkford available for sale

Elkford Apartment Building for Sale

East Kootenay Apartment Portfolio

Multifamily for Sale
Price Upon Request
246,939 SF
6 Multifamily Properties

Portfolio of properties for Sale

Macdonald Commercial (the “Advisors”) is pleased to present the East Kootenay Apartment Portfolio (the “Portfolio”), a 242-unit multifamily offering comprising six purpose-built rental properties located throughout the East Kootenay region of British Columbia, including Cranbrook, Sparwood, and Elkford. The offering consists of Brookfield Apartments, Parkcrest Court, Golden Oak Gardens, Pineway Court, Alpine Court, and Alderwood Place, representing a diverse collection of apartment and townhouse rental housing strategically positioned within the region’s primary economic centres. The properties feature a balanced mix of one-, two-, and three-bedroom suites, together with 30 three-bedroom townhouse units, providing broad appeal to workforce, family, and long-term residents. Collectively, the Portfolio comprises 242 residential units situated across approximately 9.32 acres of land. The properties have benefited from significant capital investment, including roof replacements, building envelope restoration, exterior painting programs, balcony replacement initiatives, accessibility and parking improvements, concrete stair and landing replacements, fire alarm upgrades, and extensive suite renovation programs. More than 50 apartment and townhouse units have been renovated or upgraded throughout the Portfolio, supporting tenant retention and long-term asset performance. These initiatives have enhanced the overall condition of the assets, reduced near-term capital requirements, and created opportunities for future rental growth. The East Kootenay region continues to benefit from a diversified economic base supported by natural resource industries, healthcare, education, transportation, tourism, and commercial services. As the principal service centre for the region, Cranbrook functions as a commercial and transportation hub, while Sparwood and Elkford are supported by major mining operations that generate sustained housing demand. Investors are offered the opportunity to acquire meaningful scale within a supply-constrained rental market characterized by limited new rental inventory and historically strong occupancy fundamentals. Offered for sale as a single transaction, the Portfolio delivers immediate scale, geographic diversification within a cohesive regional market, and a well-established multifamily investment supported by a proven operating history, substantial in-place cash flow, and long-term growth potential.

Contact:

Macdonald Commercial

Property Subtype:

Multi Family

Date on Market:

2026-06-29

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Elkford MHP Portfolio

Multifamily for Sale
$2,600,000 CAD
67 SF
2 Multifamily Properties

Elkford Portfolio of properties for Sale

Positioned in the growing community of Elkford, this MHP portfolio offers a compelling opportunity to acquire two well-located and professionally operated parks at 25 Cariboo Drive and 35 Cassiar Drive. Built in 1980 and spanning a combined 11.59 acres, the properties benefit from full municipal water and sewer services and are supported by an on-site live-in caretaker, ensuring consistent day-to-day management. The portfolio comprises 48 pads and land rented to a daycare; with additional expansion potential and upside on current rents; presenting a clear path for future value creation. Ideally situated in close proximity to the town centre, the assets benefit from strong local demand driven by Elkford’s steady growth and economic stability, making this an attractive investment for both yield-oriented and value-add investors.

Contact:

Royal LePage City Centre

Property Subtype:

Multi Family

Date on Market:

2026-05-15

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Apartment Buildings for Sale in Elkford

View All Available Listings

How many apartment buildings are available for sale in Elkford?

There are currently 2 apartment buildings available for sale in Elkford, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Elkford?

The average size of apartment buildings available for sale in Elkford is about 123,503 SF. The largest apartment buildings available to buy is 246,939 SF and the smallest is 67 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in Elkford?

The average market cap rate for apartment buildings for sale is about 6.50% based on data provided in Elkford. Learn more about how cap rates are calculated.

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