York Avenue Apartments presents a compelling opportunity for investors to acquire a recently constructed, stratified multifamily asset in Kamloops, British Columbia. Completed in 2021 by Granite Developments, the property offers twenty (20) individually titled, condo-quality rental units arranged across two-bedroom and one-bedroom layouts. Each unit features in-suite laundry, PTAC heating and cooling systems, and modern finishes including a six-piece appliance package, open floor plans, and window coverings.
The building is fully tenanted, generating stable cash flow with tenants paying their own hydro, heat, internet, and cable. The property includes ample surface parking, bicycle storage, and benefits from asset title ownership structure. The portfolio provides investors with flexibility for varied disposition strategies, including individual unit sales or continued operation as a rental income property.
Situated steps from North Thompson River and near arterial routes such as 8th Street and Halston Avenue, the property offers convenient access to retail, dining, and everyday services. Nearby amenities include Fortune Shopping Centre, Northills Shopping Centre, and Thompson Rivers University. This asset combines immediate cash flow, reduced replacement cost, and long-term growth in a constrained housing market within a well-connected and emerging node of Kamloops.