Kitimat Apartment Buildings for Sale

Multifamily in Kitimat available for sale

Kitimat Apartment Building for Sale

More details for 1260 Kingfisher Av S, Kitimat, BC - Multifamily for Sale

Midtown Apartments - 1260 Kingfisher Av S

Kitimat, BC V8C 1G5

Multifamily for Sale
$4,500,000 CAD
28,800 SF

Air Conditioning
Security System
Kitchen
Smoke Detector

Kitimat Multifamily for Sale

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!

Contact:

Re/Max Masters Realty

Property Subtype:

Apartment

Date on Market:

2025-10-21

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Apartment Buildings for Sale in Kitimat

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How many apartment buildings are available for sale in Kitimat?

There are currently 1 apartment buildings available for sale in Kitimat, offering a unique opportunity for businesses to establish a presence.

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

The average size of apartment buildings available for sale in Kitimat is about 28,800 SF. The largest apartment buildings available to buy is 28,800 SF and the smallest is 28,800 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 Kitimat?

The average market cap rate for apartment buildings for sale is about 8.76% based on data provided in Kitimat. Learn more about how cap rates are calculated.

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Apartment Building for Sale in Kitimat