Thompson Rivers Manor
Kamloops , British Columbia
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 1970
- Building size (SF) 16,400
- Size (Ac) 0.48
- Price $6,100,000 CAD
Overview
The Avison Young Multi-Family Team is pleased to market for sale Thompson Rivers Manor, a thirty-five (35) unit rental apartment building on the North Shore of Kamloops, BC. The Property had approximately $1.7M of capital invested into the building due to a fire that occurred in 2018. This is a remarkable opportunity for an investor to acquire a stable cash-flowing asset in BC’s rapidly growing Interior with rental growth opportunity and long-term redevelopment potential.
Highlights
~$1.7M in capital invested, including 13 extensively renovated units
Superb location on the North Shore
Rental income growth opportunity
Lack of available rental product in the Okanagan and Interior
Tenants pay their own heat, hydro and hot-water
Each unit contains its own hot water tank
Double pane windows
Two washers & two dryers (laundry income)
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