Alpine Court

Elkford is closely tied to the regional mining economy, with employment largely supported by mining operations alongside service and contractor industries that serve the broader Elk Valley. The community is also characterized by strong, above-average household incomes, driven primarily by well-paying mining employment. Housing supply remains limited, with consistently high occupancy levels and structural constraints on new development, which continues to support tight rental fundamentals and durable cash-flow potential. Beyond its employment base, Elkford benefits from its Rocky Mountain setting, offering year round outdoor recreation including hiking, skiing, fishing, snowmobiling, and horseback riding. This enhances livability and contributes to regional appeal and long-term stability. Overall, Elkford represents a stable, income-oriented multifamily market supported by strong employment fundamentals, constrained housing supply, and resilient long-term demand drivers.Alpine Court is a 60-unit apartment community in Elkford situated on a 1.534-acre (66,821-square-foot) site zoned Apartment Residential, the property consists of a three-storey wood-frame apartment building constructed in 1982. The asset serves as an important source of purpose-built rental housing within one of British Columbia’s most supply-constrained resource communities. The property features a diverse suite mix comprised of 6 onebedroom units, 48 two-bedroom units, and 6 three-bedroom units, providing accommodation options for individuals, couples, and families employed throughout the Elk Valley region. The property has benefited from ongoing ownership stewardship and a series of capital improvements designed to maintain and enhance the asset’s long-term performance. Recent building and site upgrades include exterior painting, replacement of decks and porches, tree removal, construction of a new paved parking entrance and garbage system improvements. In addition to building-wide upgrades, ownership has undertaken a significant suite renovation program across the property. Approximately 15 units have been upgraded through a combination of interior painting, flooring replacements, full suite renovations, window replacements, and general unit refreshes. These improvements have strengthened tenant appeal, improved overall asset quality, and contributed to the property’s competitive position within the local rental market.