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Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 7.7%
  • Listing ID: 125167
  • Posted On: Apr 4, 2012
  • Updated On: May 8, 2012

Description

****New Listing******
NO parked owned homes
Well Water
Lagoon with city sewer
Run 100% by professional management company
RENT INCREASE EFFECTIVE JULY 1/2012 OF 4.3%
Density zoning allows for 8 homes per acre which would = 309 home sites for 38.67 acres

100% occupided
Many capital improvements to the water and septic infrastructure
Gravel Road

12842 Old Hope Rd
Fort St John
BC v0c1h0

Location

As the “Energy Capital" of the Province, the City of Fort St. John offers big city amenities with small community friendliness. Dr. Sherry Cooper, Global Economic Strategist & Executive Vice President, BMO Financial Group recently named Fort St. John as one of the Top-10 Small Business Hotbeds in Canada.
The Peace Region produces 90 per cent of the province's grain, 38 per cent of its hydroelectric power, has some of the largest gas fields in North America with over 20,000 wells drilled, employs about 2,300 forestry workers and plays host to 300,000 tourists each year.
The unemployment rate in Fort St. John is close to 0%. So low, Statistics Canada doesn't publish a rate for Fort St John
"With the fairly recent attention being focused on the region as a viable source of shale based natural gas, we will definitely see a boost to the economy as exploration and production in the area increases," according to Don Campbell, president of REIN. "As new drilling techniques for shale are discovered, the area may become even more lucrative to oil and gas companies."
He added that Fort St. John's infrastructure development was key in its ranking.
"With several major projects set to be completed in Fort St. John during the next decade, the city will witness rapid population growth. The completion of the new Fort St. John Hospital in 2012 and the opening of the Site C dam project in 2020 will re-establish the city as a hub for northeastern BC. The ripple effect created by these two major projects will increase rents and home prices in the region, making it even more desirable to investors and businesses."
Dawson Creek was listed just one notch below Fort St. John, at number 6. The rest of the top 11 include Kelowna, Comox Valley, Penticton, Prince George and Vancouver.
The city is driven by resource-based industries, the top three being oil and gas, forestry, and agriculture, with a burgeoning tourist industry and retail services.
Located near the beginning of the world-famous Alaska Highway the city is a draw for many tourists from around the world. The region is thriving economically as it readies for the next wave of energy exploration.
Rural areas include: Cecil Lake, Goodlow, Charlie Lake, Montney, North Pine, Rose Prairie, Taylor, Hudson's Hope, Baldonnel and Farmington.
Fort St John is in the midst of building a 300 Million Dollar Hospital/Care Center set to open in the summer of 2012. They have also announced the Environmental process has started for the building of site C Dam a 6 Billion Dollar Project.
Fort St. John is the oldest non-native settlement in the BC mainland. A visit to the local museum will take you back to this first settlement and beyond; the scattered Indian villages, explorers and fur traders.
Fish Creek Community Forest contains three interpretive walks full of various types of vegetation, birds and small animals. For the outdoor lover, the areas around Fort St. John abound with endless opportunities for hiking, camping, fishing, hunting, skiing and more.
Recreation Facilities: North Peace Leisure Pool, North Peace Arena, Fort St. John Curling Club, golf courses, hiking, wildlife viewing, bird watching, camping, hunting, fishing, boating, backcountry adventure tours, viewpoints, & recreation centre.
The Peace River - Alaska Highway is a diverse region of Northern BC with mountains, prairies and plateaus. The Rocky Mountain Trench lies to the west and borders the stunning Rocky Mountains. These mountains give way to a gradual slope that leads to the vast prairies on the Alberta border.
An abundance of big game such as grizzlies, black bear, deer, caribou, elk and the stone ram are found within this region. Fishing is also very popular in the Peace River/Alaska Highway region, where you will find a variety of game fish such as rainbow and lake trout, northern pike, Arctic grayling, Dolly Varden, mountain whitefish and walleye.
There are vast forests, great scenery, spectacular campsites, wildflowers, birds, Northern Lights and abundant history. There's evidence that dinosaurs once roamed in this region, which accounts for the oil, natural gas and coal which are the main resources. Take the road to adventure and enjoy the Peace River - Alaska Highway route through Northern British Columbia. It’s a great place to visit and an even nicer place to call home

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 90
Total Occupancy: 100.0 %
Average MH Lot Rent: $325
Size: 38 acre(s)

Financial Information (Actual)

Gross Income: $359,000
Operating Expense: $125,000
Net Operating Income: $225,000
Expense Ratio: 34.8 %

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: City