9827 97 Ave 12 Unit Apartment Building $906,875 USD ($75,573 USD/Unit) 6.73% Cap Rate Fort St John, BC V1J 1N7

Twelve-unit residential walk-up in downtown Fort St. John, BC — retrofitted, fully leased, and offered as a turnkey income asset in the most active oil and gas service centre in Western Canada. Listed at $1,249,800 ($104,150 per unit) on a 6.73% cap rate at stabilised pro forma.
THE BUILDING. A unit-by-unit retrofit has been completed and documented — scope, spend, and improvements all on file. What a buyer takes over is a building that has already been repositioned, with a defensible rent roll, full lease history, and capital schedule in place. Nothing deferred. Nothing pending.
ALWAYS FULL. The building runs at 100% occupancy because of where it sits — Walk Score 91, downtown core, on the south side of 97 Avenue, walkable to work, services, and transit. In a city of 24,676 where the median household earns $150,887 per year and the renter share is 43.5%, this is the address tenants want. And they stay.
TROUBLE-FREE FINANCING. The asset qualifies for CMHC-insured financing under the MLI Select program. At 85% LTV, illustrative Year-One cash-on-cash is 7.10%, DSCR 1.22×, and the 10-year levered IRR runs to 22.4% on a conservative rent-growth schedule. Equity in: approximately $210,000. Stabilised income, insured debt, and a city the major Canadian banks already underwrite confidently — trouble-free in the most literal sense.
A BOOMING LNG TOWN. Fort St. John sits at the labour and logistics centre of British Columbia's $90 billion+ Northeast capital pipeline through 2035 — LNG Canada Phase 2 (FID expected late 2026), Enbridge Sunrise Expansion (federally approved April 2026), Cedar LNG, Coastal GasLink Phase 2, PRGT, Ksi Lisims, the North Coast Transmission Line, and a sustained Montney drilling program led by Tourmaline, ARC Resources, Ovintiv and Canadian Natural. CMHC apartment vacancy compressed from 6.3% (2024) to 2.4% (2025). Average rents are up 4.6% year over year. Only seven net new rental units were added to local stock in 2025.
An independent appraisal effective December 31, 2025 supports the list price. Brochure, rent roll, operating statements, and a full 10-year buyer returns model are available to qualified purchasers on request.