Parklane Garden Apartments

449 Ospika Boulevard North, Prince George, BC

FOR SALE

Property details

  • Lot size 1.31 acres (57,064 sf)
  • Zoning RM4: Multiple Residential
  • Year built 1974
  • Number of buildings 3
  • Residential units 42
  • Suite mix 2-Bedroom: 28| 3-Bedroom: 14
  • Parking 67 stalls with electrical plug outlets
  • Pricing guidance $5,900,000 ($140,476 per unit)

Opportunity

The Avison Young Multi-Family Team is pleased to present Parklane Garden Apartments located at 449 Ospika Boulevard North, Prince George, BC. This highly desirable 42-unit rental apartment complex is situated on 1.31 acres of land and offers strong cash flow potential with a superior suite mix of two- and three-bedroom suites, making it an ideal choice for investors seeking long-term stability in a rapidly growing market.

The property is strategically positioned along Ospika Boulevard North, providing convenient access to major roadways, local amenities, and services. Spruceland Mall, anchored by Save-On-More Foods, is located approximately 2.5 kilometres southeast; and Prince George’s Central Business District, with its wide array of occupational, financial, and recreational amenities, is readily accessible via 5th Avenue located approximately one kilometre south of the subject.

With the increasing demand for rental housing in Prince George, Parklane Garden Apartments represents an outstanding opportunity for investors to capitalize on the region’s growth and rental market fundamentals. This property provides steady cash flow, with potential for future value-add opportunities and significant rental income growth.

Investment highlights

Concrete and steel frame construction

Three-bedrooms contain 1.5 bathrooms and fenced patios

All units contain dishwashers

Each building has tenant storage lockers and large workshop in basement

Gas fired hot-water boilers with radiant heaters (new boiler system in Building 1)
Torch on roofs (2013)

400-amp main service, 100-amp subpanel for each unit

All 2nd & 3rd floor units have balconies, main floor units have large patios

Tenants pay their own hydro

Heat, hot-water and cable included in rent

Location Map

Downloads

Brochure

Team

Chris Wieser

Chris Wieser

Principal
Avison Young
+1 604 647 5089
Carey Buntain

Carey Buntain

Principal
Avison Young
+1 604 647 1352
Kevin Murray

Kevin Murray

Vice President
Avison Young
+1 604 260 1873
Megan Low

Megan Low

Associate
Avison Young
+1 604 646 8389

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