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Island Park Place 190-200 Carson Cres 22 Unit Apartment Building $4,499,000 CAD ($204,500 CAD/Unit) 5.50% Cap Rate Kamloops, BC V2B 3S3
Investment Highlights
- Prime North Shore Location: Situated on a 19,882 SF corner lot with immediate access to Rivers Trail along the Thompson River
- Recent Capital Upgrades: Includes new balcony surfaces and railings, new windows, and a new intercom system
- Attractive Investment: Ideal for investors seeking a turnkey multifamily property in a growing, scenic city
- Well-Maintained Asset: Exceptionally maintained 22-unit rental building with strong curb appeal
- Tenant Comfort: Each suite equipped with individual hot water tanks
- Outdoor Lifestyle: Direct trail access and river proximity enhance tenant lifestyle and rental appeal
Executive Summary
An exciting opportunity to acquire an exceptionally maintained 22-unit apartment building in Kamloops, BC. The property sits on a 19,882 square foot corner lot on Kamloops’ North Shore, and offers immediate access to Rivers Trail, which runs alongside the Thompson River. The building offers many high-quality upgrades, including new balcony surfaces, new balcony railings, and new windows. In addition, the building offers a new intercom system and there are individual hot water tanks in each suite. Here is your opportunity to own an attractive rental property on Kamloops’ North Shore!
Property Facts
| Price | $4,499,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $204,500 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.50% | Building Size | 19,882 SF |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Zoning | RM3 - Multifamily 3 | Medium Density | ||
| Price | $4,499,000 CAD |
| Price Per Unit | $204,500 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 19,882 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | RM3 - Multifamily 3 | Medium Density |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 12 | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
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Island Park Place | 190-200 Carson Cres
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