725 York Av - Apartments FOR SALE


Kamloops, BC V2B 2A6
$5,549,000 CAD
604-687-7331
725 York Av, Kamloops, BC for Sale
$5,549,000 CAD
Apartments - FOR SALE
1/4
null | 4.94% Cap Rate

725 York Av
Kamloops, BC V2B 2A6


HIGHLIGHTS

  • Twenty condominium-quality units with modern finishings and in-suite laundry systems.
  • Fully tenanted property offering immediate income stability and flexible exit options.
  • Convenient North Kamloops location near major arterials, shopping centers, and lifestyle amenities.
  • Tenants cover their own utilities, including hydro, internet, and heating/cooling.
  • Situated in a growing submarket with low vacancy and strong rental demand.
  • Onsite surface parking and secure bicycle storage for tenant convenience.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,549,000 CAD

PRICE/SF

$391 CAD /SF

# OF UNITS

20

PRICE/UNIT

$277,450

CAP RATE

4.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,064 SF

ZONING

RM3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris WieserAvison YoungMore Info
604-687-7331

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Chris WieserAvison YoungMore Info
604-687-7331

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