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.