Carlton Court is a very Clean, Well Maintained 18 suite apartment complex consisting of two adjoining projects located on an extra large 25,099 sq.ft. lot in desirable Prince Rupert. It is 2 1/2 storey wood frame construction with concrete foundation.
The east building consists of 12 suites and was constructed in 1953. It features gorgeous character suites with hardwood flooring either exposed or under the carpet; plaster walls; coved ceilings; gleaming wood cabinets & the larger windows typical of construction of this vintage, allowing in plenty of natural sunlight & making the units very light & bright. The west portion consisting of 6 suites was constructed in 1981. They are connected by the common area hallways.
The exterior of the project is upgraded California Stucco and there is an attractive canopy at the entrance. The tar & gravel roof was replaced on the east portion in 1982 and the west portion was replaced 2 years ago. The four balconies are located on the front of the newer, west building. The landscaping is immaculate with large grassed areas & mature spruce & other trees. The parking lot has been re-paved a few years ago. There is newer copper/plastic plumbing.The project has been upgraded to comply with current fire code regulations and there is an intercom system. The boilers feature an energy saving Tek-Mar system which greatly reduce the heating cost.
The one Bedroom plus Den unit features a skylight, gas fireplace and a dishwasher. The units are all a good size with excellent functional floorplans.
The Seller estimates that 2/3 of the suites have been repainted in the last few years; about 3/4 of the suites have had flooring upgrades, and repairs & cosmetic upgrading has been done as required when Tenants move. The common areas were refurbished a few years ago with new carpet & paint. The Tenants have been 'hand picked' and are excellent, clean & quiet Tenants who appreciate this immaculate, well maintained project. Rents are varied due to the length of the Tenancies and there is some room for increases. The Owner self manages the property and has owned the project for over 10 years.
Each suite comes with a stove & fridge - they are replaced as required. The two sets of token Laundry Machines are owned & will remain with the property. They charge per token is $1.50 for both the wash & dry cycles & the revenue is approximately $140 per month.
There are 18 energized parking stalls plus a four car detached garage. The Tenants pay for their power.
This project would make an excellent condo conversion project due to the excellent location, neighbourhood, mix and size of units. The minimal financing can be discharged with a penalty.
For additional information, a proforma and/or a viewing of this lovely property, please call Val at 780-707-9395 or Terrie at 780-908-8090.
* The information contained herein is beleived to be accurate however is not warranted and the Brokers/Agents waive all liability. It is recommended that the Buyer verify all pertinent information as a condition of an offer to purchase.*