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Thompson Rivers Manor 975 Tranquille Rd 35 Unit Apartment Building For Sale Kamloops, BC V2B 3J6
Investment Highlights
- Located in North Kamloops within walking distance to shopping, services, and recreation.
- Approximately $1.9 million in capital improvements completed, including a new roof and common area upgrades.
- Enhanced security with CCTV and improved building infrastructure.
- Concrete block and wood-frame construction with three-storey walk-up design.
- Each unit features a dedicated hot water tank; major replacements completed in 2020 and 2021.
- Extremely low surrounding rental vacancy rate, supporting income stability.
Executive Summary
Thompson Rivers Manor offers an outstanding investment opportunity in the fast-growing Kamloops market. This 35-unit rental apartment complex is located on the North Shore and provides excellent connectivity to local amenities, shopping destinations, public transit, and recreational areas. The property comprises a mix of bachelor and one-bedroom units and has benefited from significant recent capital improvements, including new roofing, window upgrades, and balcony resurfacing planned for 2024.
The building is constructed with durable concrete block and wood-frame elements, featuring individual hot water tanks for each suite, CCTV security installation, and common area upgrades. Tenancy remains stable due to a location that appeals to a wide range of renters, supported by a low neighborhood vacancy rate of 1.1% (CMHC Report Fall 2025).
With approximately $1.9 million recently reinvested following a past restoration, this asset is positioned for long-term operational efficiency and predictable cash flow. Investors can expect steady rental income and potential future upside in a high-demand rental market with limited new supply across the Okanagan and BC Interior.
The building is constructed with durable concrete block and wood-frame elements, featuring individual hot water tanks for each suite, CCTV security installation, and common area upgrades. Tenancy remains stable due to a location that appeals to a wide range of renters, supported by a low neighborhood vacancy rate of 1.1% (CMHC Report Fall 2025).
With approximately $1.9 million recently reinvested following a past restoration, this asset is positioned for long-term operational efficiency and predictable cash flow. Investors can expect steady rental income and potential future upside in a high-demand rental market with limited new supply across the Okanagan and BC Interior.
Property Facts
| Sale Type | Investment | Lot Size | 0.47 AC |
| No. Units | 35 | Building Size | 20,715 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-3 | ||
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 20,715 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 35 | - | 590 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
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Thompson Rivers Manor | 975 Tranquille Rd
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