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Investment signal

$980,000

124 Phair Road

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Beds

—

Baths

—

Sqft

—

Year

1966

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lillooet. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This extensively renovated 6-unit apartment complex in Lillooet offers a perfect blend of modern living and investment potential. With 4 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit, each updated between 2018-2019, the property promises comfort and style with modern kitchens, bathrooms, and living spaces. Set above the Fraser River, the complex provides breathtaking views of Quatlenemo Peak and Fort Berens Winery. The landscaping, featuring native plants, enhances the property's natural beauty, creating a serene environment for tenants. Lillooet's vibrant community atmosphere, coupled with its endless outdoor opportunities, makes it an attractive location. The strategic location is further enhanced by the BC Hydro Seton Unit Replacement Project, that will require housing for workers for several years in a market with nearly a 0% vacancy rate. This development is expected to drive economic growth and increase property values, making now an opportune time to invest in Lillooet's promising future. (id:65958)

Subtype: Multi-family
Architectural style: Multi-level
Structure: Multi-Family
Community: Lillooet
Common interest: Freehold
Lot size: 0.3 acres
Lot dimensions: 0.3
Stories: 3
On market: Apr 20, 2026
Status changed: Apr 20, 2026
Annual tax: $3,986.34
Photos: 8
MLS#: 10383999
Area: LILLOOET

Features and systems

Appliances

WasherRefrigeratorDishwasherRangeDryerMicrowaveHood Fan

Heating

Baseboard heatersElectric

Cooling

Wall unit

Exterior

Metal

Flooring

Vinyl

Roof

MetalUnknown

Lot

Cul-de-sacBalcony

Community

Pets not Allowed

View

Mountain viewRiver viewView of waterView (panoramic)Unknown

Security

Smoke Detector Only

Negative cash flow ~$1,072/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.56%

Cap rate

3.55%

GRM

16.7

Break-even rent

$6,028

Financing

Down payment$196,000

Loan amount$784,000

Mortgage$3,972/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$449

Insurance$80

Maintenance$817

CapEx reserve$408

Vacancy loss$245

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,972/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.