V2C Apartment Buildings for Sale

V2C Apartment Building for Sale

490 7th Av

Kamloops, BC V2C 3T2

Multifamily for Sale
$3,499,000 CAD
9,492 SF

Kamloops Multifamily for Sale

This rare multi-family investment opportunity in South Kamloops features a well-maintained apartment building with 14 spacious one-bedroom units. The property has undergone extensive upgrades in 2022 and 2023, ensuring modern functionality and reduced capital expenditure for new ownership. Enhancements include a new torch-on roof, in-suite laundry in every unit, fully renovated bathrooms, and updated kitchens in 11 of 14 units. Additional improvements include high-efficiency windows and sliding doors, new hot water tanks, stainless steel appliances in 90% of units, new flooring with durable ceramic tile, and upgraded electrical panels. The building’s concrete construction between floors provides superior fire separation and sound insulation, complemented by concrete balconies for added durability. Tenants pay their own utilities, with electric baseboard heating and individual hot water tanks in each suite. The property also offers new tenant storage lockers, secure entry, and 18 parking spaces via carport and street parking. Located in a desirable South Kamloops neighborhood, the property benefits from proximity to downtown amenities, retail, and transit. This asset offers stable income potential and long-term value in a growing market. Financial information is available to qualified buyers.