Listed, Curated, or Sold by Eric

505 110 Baxter Avenue
Kitimat Kitimat V8C 2N9

$339,900
Residential Attached beds: 2 baths: 2.0 908 sq. ft. built: 2014

Main Photo: 505 110 Baxter Avenue: Kitimat Condo for sale
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Status:
Active
Prop. Type:
Residential Attached
MLS® Num:
EXCLUSIVE
Bedrooms:
2
Bathrooms:
2
Year Built:
2014
Attention cap rate hunters... this is about as turn-key as it gets, including having a great tenant in place on a fixed term until summer '24 at $2,600/mo (converting to mo/mo). Currently about 6.5% cap rate and even at today's rates, would currently be cash-flow positive. If rates drop, cashflow would expectedly rise. The home is an 8yr old, modern, 900sf 2 bedroom, 2 bathroom popular ground-level unit in Kitimat's best development for leveraged property investors, Baxter Landing. Each unit has 2 outside parking and 1 locker, contemporary finishes including stone counters and stainless appliances, and laminate flooring. The complex itself has great curb appeal, and with hardiboard cladding (rainscreened), sloped roofs, and no shared mechanical, elevators, parkade, amenities, etc., it's very reliable and easy to maintain. The ownership is made up of primarily long-hold investors who have maintained a very healthy contingency fund and take great care of their mutual investment. Kitimat is booming, with long-term major resource industry projects underway and proposed. References, economic data, proformas, and more are all available upon request. I am an active investor myself who has always 'walked the walk' before 'talking the talk' to my clients... feel free to ask me about my own ventures or to discuss with me your own thoughts/plans/experiences. Let's help each other grow our respective frames of reference and investment portfolios.
Price:
$339,900
Dwelling Type:
Apartment/Condo
Property Type:
Residential Attached
Home Style:
1 Storey
Bedrooms:
2
Bathrooms:
2.0
Year Built:
2014
Floor Area:
908 sq. ft.
MLS® Num:
Exclusive
Status:
Active
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505-110 Baxter - Proforma - 23.11

Listed by Engel & Völkers Vancouver (Kerrisdale)
Data was last updated July 17, 2024 at 03:10 PM (UTC)
ERIC COULOMBE
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