233 Sherwood Drive - Apartments FOR SALE


Kamloops, BC V2B 4E1
$5,200,000 CAD
604-697-3055
233 Sherwood Drive, Kamloops, BC for Sale
$5,200,000 CAD
Apartments - FOR SALE
1/15
null | 5.01% Cap Rate

233 Sherwood Drive
Kamloops, BC V2B 4E1


HIGHLIGHTS

  • Professionally managed property.
  • Units include heating, a kitchen, oven, and shower.

OVERVIEW

The property comprises 26 residential units with a strong suite mix of 8 one-bedroom, 14 two-bedroom, and 4 three-bedroom units, offering broad tenant appeal. Originally constructed in 1965, the asset sits on an expansive lot exceeding 38,000 square feet and is professionally managed. The site offers significant redevelopment upside, with potential to develop a 6-storey apartment building at a 2.50 FSR, positioning the property as both a stable income investment and a compelling long-term value-add or redevelopment opportunity.

FOR SALE DETAILS

PRICE

$5,200,000 CAD

PRICE/SF

$262 CAD /SF

# OF UNITS

26

PRICE/UNIT

$200,000

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkview Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nathan LeggCDNGLOBALMore Info
604-697-3055

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Nathan LeggCDNGLOBALMore Info
604-697-3055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.