Pineway Court

Sparwood offers a compelling multifamily investment opportunity driven by strong rental demand from a stable, high-income workforce employed throughout the Elk Valley’s globally significant steelmaking coal industry. The community boasts a median household income of approximately $126,000— more than 45% above the British Columbia average—reflecting the strength of the local employment base and residents’ ability to support market rents. Limited housing supply, high occupancy levels, and barriers to new development continue to support rental growth and long-term asset performance. Combined with relatively affordable acquisition costs compared to larger BC markets, Sparwood provides investors with the opportunity to achieve attractive cash flow while benefiting from the long-term economic strength of one of Canada’s most important resource-producing regions.Pineway Court is a 46-unit, two-building apartment complex located in Sparwood, BC, comprising two 23-unit, three-storey wood-frame buildings situated on a 1.32-acre site in a highdensity residential zone. Built in 1976, the property offers a well-balanced suite mix of 14 one-bedroom and 32 two-bedroom units, catering to the strong demand for workforce and family oriented rental housing in the Elk Valley region. The property has benefited from substantial capital investment over recent years. Major building upgrades include new roofs installed in 2018 and 2019, replacement of all patio doors in both buildings, and renovations to approximately 60% of the suites. Suite improvements have included flooring replacements, kitchen and bathroom updates, and general unit refreshes, enhancing both tenant appeal and long-term asset quality. Additional recent improvements completed in 2025 include new concrete stairs and landings at all four entrances, concrete pathway repairs, new hallway and stairwell flooring throughout both buildings, interior hallway painting, and exterior balcony painting. The combination of extensive capital improvements, significant suite renovations, and ongoing ownership stewardship has positioned Pineway Court as a well-maintained and highly desirable rental asset with strong appeal to both existing and prospective tenants.