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Forest Lawn MH Park 7414 Forest Lawn St, Fort St John, BC

Property Detail

Type Mobile Park Status Sold Location British Columbia City/Town Fort St John Price $3,550,000 Land Base 34.5 acres Cap Rate 6.1% Pads 70 mobile home pads PLUS 16 RV pads Topography Level Expansion Yes (10 or more acres) Residence Yes, the owners mobile (negotiable) Age Built in 1968 with expansions in 2001 and 2014. Taxes $9,398 (2018) Zoning MHP (Mobile Home Park) Vacancy Zero (0) Pad Rents $335 - $465/month. RV pads $600 - $750 Gross Income $365,000 (2018) Net Income $216,556 (2018) Financing Seller will consider carrying financing

Property Description

Forest Lawn Mobile Home Park in Fort St John, BC consists of 70 mobile pads and 16 long term permanent RV pads. Fourteen 14 RV sites are set up to be easily converted to 7 mobile home pads. Total land base is 34.5 acres. Approximately 10 acres is dedicated to the mobile home sites leaving ample room for expansion. This land is NOT in the ALR (Agricultural Land Reserve). This park is in excellent condition and pride of ownership is evident by its overall appearance. Additional storage for RV’s is provided. Mobile pads are 45’ x 100’ and the RV pads are 25’ x 100’.

Current owners have owned this park for 18 years since 1999.

Sewage: Sewage is by 3 lagoons at the back of the property. Solid waste flows to tanks which are pumped once per year. Grey water then flows to the lagoons resulting in clean effluent. Lagoons have ample size for expansion.

Water : All underground water lines in the original section of the park have been replaced in 2011. Water is supplied by two drilled wells on site. The water is treated with a chlorine and an iron removal filtration system. There are 3 separate pump houses throughout the park. A reservoir with additional drinking water is supplied at a storage tank free of charge to all tenants. Water usage from Sept 2015 to Sept 2016 is approximately 9,512 cubic meters from both wells combined. 5,512 from original well plus 4000 from new well.

Services :
Natural gas, Hydro, Cable, Telus, Street lights, Garbage PU. Gravel roads.

Electricity:  Three-600 Volt plus three-400 Volt power sources. Mobile pads have 100 amps and RV pads have either 50 or 30 amps electrical service.

Equipment : One Cat backhoe, Riding mowers and miscellaneous park equipment. All housed in a 30’x 40’ Quonset hut maintenance facility.

Zoning : Mobile Home Park.

Management :  Onsite contract management is in place with one (1) fulltime and three (3) part-time.

Additional Profit Opportunities : There is ample opportunity for additional revenue by placing and selling new homes. A dealership arrangement is in place with a manufacturer in Lethbridge, AB. Historical average margins for the fiscal years 2014 to 2017 were in excess of $30,000 per unit that is purchased wholesale, placed, hooked up and skirted then sold retail to a new home buyer.
With only 3 additional RV’s year-round the cash flow can easily increase by $25,000.

Property Features

City Water & Sewer
Septic
Lagoon
Treatment Plant
Natural Gas
Oil
Hydro
Propane
Cable TV
Garbage Pickup
Street Lights
Paved Streets
Gravel Streets
UG Telephone
UG Electrical
Well Water
Laundry
Fire Hydrants

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Contact Agent

Harry Jesse
hjesse@mobileparks.com
1-888-251-2822
1-604-302-3771
Harry Jesse
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Useful Links

  • Mobile Home Park Owners Association
  • MHP Tenancy Act
  • Manufactured Housing Association of BC

Contact Info

 #360 - 3033 Immel St, Abbotsford, BC, Canada V2S 6S2
 1-888-251-2822
 hjesse@mobileparks.com
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