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.
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