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3 Single Family Rentals in Prince George for Sale

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3 Single Family Rentals in Prince George for Sale

  • Prince George is the supply and service centre for nearly 320,000 people and for more than $428 billion worth of projects planned or underway in northern BC over the next decade
  • Northern B.C. home prices are expected to continue to outperform the rest of BC due to investment in mining activity and related industries
  • Sales and listings have increased in Prince George since 2018 and the average price for a single-family dwelling has increased from $356,478 in 2018 to $366,073 in 2019
  • Rents have increased and vacancies have decreased due to limited supply and increased demand
  • No speculation tax
  • All properties are located in family neighborhoods near schools, parks, university, public transportation and amenities
  • All properties have been maintained and have some updates that have been completed by professional contractors
  • All properties have potential for additional improvements, adding basement suites or increasing bedrooms in existing suite to increase value and revenue
  • All properties are currently occupied with good quality tenants who pay rent on time and maintain condition of property
Property #1 - $349,000
Neighborhood: Heritage

Thacker Front.jpg
Lot Size: 6013 sq ft
Year Built: 1977
Sq Ft: 2184
Bedrooms: 3 up, 1 - 2 down
Bathrooms: 1.5 up, 1 down
Finished Basement: yes
Suite: 1 bedroom; shared laundry; potential to add second bedroom to suite with own laundry (add laundry upstairs)
Carport/Garage: double carport
Fireplace: 1 up, 1 down; both wood burning
Roof: 2009
Furnace: 2012
HW Tank: 2015
Windows: 2016 (upper)
Other Improvements/Updates:
Up - new flooring in kitchen & bedrooms, all walls & kitchen cabinets painted (2014)
Down - bathroom in suite renovated, new flooring & paint throughout suite (2014); new flooring in den (2017); new furnace 2012
Tenants
Tenants: Up - family since May/18; Down - single occupant since Oct/17
Rent: Up - $1500/mo including utilities (no increases), Down - $710/mo including utilities (last increased May 2019)
Leases: Up - no (month-to-month); Down - Apr 30, 2020 (month-to-month if not renewed)

Property #2 - $339,000
Neighborhood: Foothills
Front Summer 2.JPG
Lot Size: 6087 sq ft
Year Built: 1978
Square Footage: 2360
Bedrooms: 3 up; 1 down
Bathrooms: 1.5 up, 1 down
Finished Basement: finished recreation room, bedroom and bathroom; unfinished laundry room and utility room
Suite: no; potential for two bedroom suite; separate entry off carport
Carport/Garage: double carport; with access to basement
Fireplace: up; wood burning
Roof: 2011
Furnace: 2005
HW Tank: 2002
Other Improvements: New bathroom down & new concrete sidewalks, patio and front steps (2014); new flooring and paint down (2016); carport and exterior trim painted (2018); new flooring in living room, dining room and hallway (2019)
Tenants
Tenants: family (since Feb/2019)
Rent: $1800/mo
Leases: Feb 2020 (month-to-month if not renewed)

Property #3 - $329,000
Neighborhood: Lakewood
.jpg
Lot Size: 6900 sq ft
Year Built: 1966
Sq Ft: 2016
Bedrooms: 3 up, 1 down
Bathrooms: 1 up, 1 down
Finished Basement: finished bedroom, bathroom, media room and hallway; unfinished laundry room, storage room and stairs
Suite: No; potential for 1 - 2 bedroom suite
Carport/Garage: No
Fireplace: No
Roof: 2017
Furnace: 2006
HW Tank: 2018
Other Improvements/Updates: new windows downstairs (2013); upstairs painted throughout and exterior trim (2017)
Tenants
Tenants: single occupant (since May 2017)
Rent: $1538; tenant pays $710 paid bi-weekly; last increased May 2019)
Lease: Apr 2020 (month-to-month if not renewed)
______________________________________________________________________________
All measurements to be verified by buyer.
Please contact me for more information.
 
Last edited:

Rob Clarke

Northern BC Investor
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