We are at a time now when the slump in oil prices have stopped drilling in this Oil/Gas rich part of the province. But now with multibillions in investments looming with the Shell Kitimat LNG and the Petronas led LNG terminal at Lelu Island in Prince Rupert, there has never been a better time to invest in this area. We are at the low end of the cycle for property values and about to hit the biggest energy boom in Canada since the Tar Sands. Petronas estimates 17 Trillion cubic feet of Gas in the Montney Shale alone.
Above: Streetview shot of a well kept older home 4 bedroom 2 bath with new roof and oak floors with motivated seller. Easy to rent this beauty out for a good ROI and especially when factoring in growth.
I can find you up to 13% Gross Caps on older, remodelled duplex's with tenants in place. I know your accountant is telling your always to account for a vacancy rate, but in Fort St. John the rents have also taken a pounding so by the time your tenants move on, in this recovering market, so will the rents.
If you are shopping for newer construction, there is a host of eager, cash strapped builders that need to make a deal and a good selection of home owners needing to relocate. The rental market is starting to return with Surerus holding a Job Fair last week at the Pomeroy and the Site C Dam poised to increase hiring for the 8+ Billion Dollar dam.
Call me for more information 250-793-4934.
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