York Avenue Apartments
725 York Avenue, Kamloops, BC
FOR SALE
Property Details
- Lot Size 25,064 sf
- Net Rentable Area 14,192 sf
- Year Built 2021
- Suite Mix One and two-bedrooms
- 2026 Assessed Value $6,873,000 ($343,650 per unit)
- Stabilized Net Operating Income $274,019
- Pricing Guidance $5,549,000 ($277,450/per door)
Avison Young is pleased to market for sale York Avenue Apartments located at 725 York Avenue, Kamloops, BC. The Property was completed in 2021 by Granite Developments featuring condo quality construction, individually stratified units and is 100% tenanted offering strong stable cash flow as tenants pay their own hydro, heat, internet, and cable. Additionally, the Property features a bicycle storage room, ample surface level parking and each unit has in-suite laundry and PTAC heating/cooling systems.
This offering presents an investor with an opportunity to acquire a stratified rental apartment building well below replacement cost and assessment value in a rapidly growing and supply constrained market.
Investment Highlights
Twenty (20) stratified rental apartment units offering flexible investor exit strategies
Condo quality units including six (6) piece appliance package, window coverings and open floor plans
All units have in-suite laundry (stacked & vented) and PTAC heating/cooling systems
100% tenanted offering stable cash flow
Each tenant pays their own hydro, heat, internet, and cable
Potential for reduced property transfer tax based on individual unit acquisition
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