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725 York Av 20 Unit Apartment Building $5,549,000 CAD ($277,450 CAD/Unit) 4.94% Cap Rate Kamloops, BC V2B 2A6
Investment Highlights
- Twenty condominium-quality units with modern finishings and in-suite laundry systems.
- Convenient North Kamloops location near major arterials, shopping centers, and lifestyle amenities.
- Situated in a growing submarket with low vacancy and strong rental demand.
- Fully tenanted property offering immediate income stability and flexible exit options.
- Tenants cover their own utilities, including hydro, internet, and heating/cooling.
- Onsite surface parking and secure bicycle storage for tenant convenience.
Executive Summary
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.
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.
Property Facts
| Price | $5,549,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $277,450 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.58 AC |
| Cap Rate | 4.94% | Building Size | 14,192 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 1.97/1,000 SF |
| Zoning | RM3 - RM3 – Multiple Dwelling Residential (Medium Density) | ||
| Price | $5,549,000 CAD |
| Price Per Unit | $277,450 CAD |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.58 AC |
| Building Size | 14,192 SF |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | RM3 - RM3 – Multiple Dwelling Residential (Medium Density) |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 8 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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725 York Av
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