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Parkview Manor 1753 Upland St 12 Unit Apartment Building $1,056,636 USD ($88,053 USD/Unit) Prince George, BC V2L 2V5
Investment Highlights
- Prime location close to downtown Prince George and major employment centers.
- Significant and recent capital improvements, approximately $300,000. After 46 years of ownership, Parkview Manor has proudly been prepared for sale!
- 10 minute walk to the University Hospital and its $1.6 billion, 232 bed 11 storey expansion scheduled to start in 2027 and complete by 2031.
Executive Summary
Parkview Manor is an established 12-suite 3 storey walk up multifamily property offering an excellent investment opportunity in the growing Prince George market.
Recent capital improvements on building exterior, interior areas, and 8 suite upgrades has enhanced tenant retention and overall property appeal. Professionally managed, the asset now offers stabilized occupancy, strong renter demand with significant potential for income growth.
With only 4 remaining suites to turnover, rents will adjust and align with market rates and the annual income will increase to over $193,000.
For the 12 months starting August 1, 2026, to Aug 2027 income is projected to $155,000 and NOI to $93,000 with a projected cap rate of 6.25%.
Recent capital improvements on building exterior, interior areas, and 8 suite upgrades has enhanced tenant retention and overall property appeal. Professionally managed, the asset now offers stabilized occupancy, strong renter demand with significant potential for income growth.
With only 4 remaining suites to turnover, rents will adjust and align with market rates and the annual income will increase to over $193,000.
For the 12 months starting August 1, 2026, to Aug 2027 income is projected to $155,000 and NOI to $93,000 with a projected cap rate of 6.25%.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,056,636 USD | Building Class | C |
| Price Per Unit | $88,053 USD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 10,927 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2026 |
| Property Subtype | Apartment | ||
| Zoning | RM4 - Residential Mix Use | ||
| Price | $1,056,636 USD |
| Price Per Unit | $88,053 USD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 10,927 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1972/2026 |
| Zoning | RM4 - Residential Mix Use |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $915.75 USD | - |
| 1+1 | 1 | $810.09 USD | - |
| Studios | 1 | $669.20 USD | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
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Parkview Manor | 1753 Upland St
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