Real Estate Investment - Four Plex In Dawson Creek

8201/8203 18 Street, Dawson Creek

About This Property                     

This 4-Plex is located at 8201/8203 18 St. in Dawson Creek was built in 2014 and is fully rented for $3,375 / month. It is a combination of 4 x 2 Bed 1 Bath units that can also be opened up to be 1 x 4 bed 2 bath unit per side.  There is the option to stratify this building, add a title, and sell off 1 half of the duplex.  

Listed for $535,000

Current Rental Status

8201 Lower        $700        Rented since Oct 2016        Month to Month    

8201 Upper        $1,275        Rented since June 2017        Monto to Month    

8203 Up + Down     $1,400        Rented since Feb 2019        Month to Month


Top Reasons to like this investment

  • Only 5 year old building
  • Still under warranty (5 years remaining) 
  • Fully rented and cash flow positive
  • Area to grow exponentially over next 5-15 years thanks to $42B LNG investment
  • This type of building is rare as the zoning has changed and they can’t be built anymore.  
  • Strong management in place
  • Long term tenants haven’t had a rental increase.  Can be increased right away.  
  • Rents forecasted at $1,000 per unit in next 9 months.   $625 / month additional cash flow by end of the year.    
  • $1,000+ Positive cash flow estimated by end of 2019 
  • Real Estate cycle is at the beginning of the ‘Recovery Phase’ in this area

Financial Snapshot

  • Purchase Price
    $535,000
  • GST
    $0
  • Transfer Tax
    $8,700
  • Legal
    $1,250
  • Inspection
    $750
  • Reserve Fund
    $3,000
  • Annual Property Tax
    $5,782
  • Monthly Condo Fees
    $0
  • 10% Monthly Property Management
    $327
  • Annual Repairs & Maintenance
    $1,179
  • Annual Insurance
    $1,950
  • Annual Vacancy Rate 3%
    $1,215
  • MONTHLY RENT
    $3,375

Initial Cash Required: $119,200

Monthly Cash Flow: $349

Annual ROI: 28% 

(10 Year Hold)

Cash Flow Pro Forma    

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info