The 901 Fernie Condos – Live & Invest Downtown

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Historic downtown condos with modern luxury and rental upside

901 fernie

🏢 Why Investors Look Here

901 2nd Ave is home to Spa 901, Fernie’s signature wellness destination. The presence of this full-service spa not only elevates the building’s profile but also boosts nightly rental appeal, as guests value the convenience of an on-site luxury experience. With few downtown strata buildings historically open to short-term rentals, this address offers both income potential and long-term appreciation.

STR Potential: Historically supportive of nightly rentals (always confirm bylaws).

Built-In Appeal: Central location, secure entry, elevator access, and modern finishes.

Prime Location: Steps from Spa 901, Fernie’s shops, dining, and services, and just minutes to Fernie Alpine Resort.

901 2nd ave Condominiums for sale

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Invest in 901 2nd Ave (Downtown Fernie)

Premium downtown townhomes/condos with walk-to-everything convenience. Below are 7-year sales comps and 3-year STR models with higher ADRs than Silver Rock.

Request the 901 2nd Ave ROI Pack Call/Text 250-619-0390

$300–$350Typical ADR (season-adjusted)

50–75%Modeled occupancy range

2.9–5.8%Cap rate (all-cash modeled)

~28–85%3-yr leveraged ROI (modeled)

Why 901 2nd Ave?

Downtown advantage: steps to coffee, dining, and festivals; quick access to trails and the hill. Larger floor plans (many 2–3 bed) can command higher ADRs vs 1-bed resort units.

Verify strata bylaws and the latest municipal/provincial STR rules before relying on nightly-rental income.

After-Tax Snapshot (BC, Canada)

Income tax: net rental profit taxed at marginal rate; interest, strata, utilities, mgmt, insurance, advertising, and repairs typically deductible.
CCA (depreciation): defers tax; recapture/capital gains later.
GST/PST/MRDT: ~16% on stays <27 days; platforms often remit in BC.

Sales History (7 Years) — 901 2nd Ave

Average closed prices from your dataset.

Year	Average Price	YoY Change	YoY %	Since 2021	Since 2021 %
2018	$638,752	—	—	$-351,723	-35.5%
2019	$712,500	+$73,748	+11.5%	$-277,975	-28.1%
2020	$843,125	+$130,625	+18.3%	$-147,350	-14.9%
2021	$990,475	+$147,350	+17.5%	+$0	+0.0%
2022	$1,099,000	+$108,525	+11.0%	+$108,525	+11.0%
2024	$1,077,000	$-22,000	-2.0%	+$86,525	+8.7%
2025 YTD	$900,000	$-177,000	-16.4%	$-90,475	-9.1%

Caution: Sales counts are limited in some years. Treat year-to-year changes as directional, not precise.

3-Year STR Projections (Data-Backed Models)

Assumptions: price $1,075,000 (3-bed TH), ADR $300–$350, occupancy 50–75% ⇒ gross $54,750–$95,813; mgmt 25%, fixed ops $9,600/yr, 25-yr amort, appreciation 4%/yr. Pre-tax figures.

Annual Net Income (before debt service)

Case	Gross	Mgmt (25%)	Ops	Annual Net
Conservative	$54,750	$13,688	$9,600	$31,463
Optimistic	$95,813	$23,953	$9,600	$62,259

Cash Flow After Mortgage (by Down Payment)

Down Payment	Rate	Conservative	Optimistic
20%	5.50%	–$31,911/yr	–$1,114/yr
35%	5.25%	–$18,784/yr	+$12,012/yr
50%	5.00%	–$6,244/yr	+$24,553/yr
All-Cash	—	+$31,463/yr	+$62,259/yr

Total Return Over 3 Years

Scenario	Principal (3y)	Appreciation (3y)	Cash Flow (3y)	Total Return	ROI on Cash
20% Down — Cons	$52,298	$134,229	–$95,734	$90,793	42.2%
20% Down — Opt	$52,298	$134,229	–$3,343	$183,184	85.2%
35% Down — Cons	$43,963	$134,229	–$56,353	$121,839	32.4%
35% Down — Opt	$43,963	$134,229	+$36,037	$214,229	56.9%
50% Down — Cons	$34,978	$134,229	–$18,731	$150,476	28.0%
50% Down — Opt	$34,978	$134,229	+$73,660	$242,867	45.2%
All-Cash — Cons	$0	$134,229	+$94,389	$228,618	21.3%
All-Cash — Opt	$0	$134,229	+$186,777	$321,006	29.9%

Figures are illustrative and based on ADR $300–$350, 50–75% occupancy, and a $1.075M purchase. Verify unit-specific numbers, financing, and rules before relying on projections.

Common Questions

How do I maximize occupancy and ADR?

Pro photos, dynamic pricing, thoughtful staging, mid-week promos, and highlighting walkability + bedroom count help lift performance.

Self-manage or hire a local STR manager?

Self-manage can squeeze yield but takes time. Local firms charge 20–30% of gross and often increase revenue with better pricing + ops.

What about new BC STR rules?

Rules evolve. Confirm the latest provincial framework and strata bylaws. The ability to pivot to 30-day+ stays reduces risk.

Request the 901 2nd Ave ROI Pack

Call/Text: 250-619-0390 — or send your details below for comps, bylaw checks, and a customized model.

Call/Text 250-619-0390 See ROI Scenarios

Disclaimer: Informational only — not financial, legal, or tax advice. STR rules and strata bylaws can change.

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Silver Rock Fernie

The 901 Fernie