Map of Property

York Avenue Apartments

For Sale

725 York Avenue, Kamloops, BC V2B 2

This Kamloops property for sale is located at 725 York Avenue. The current listed sale price for York Avenue Apartments is $6,295,000. York Avenue Apartments is situated on a lot that is 0.58 acre in size.

Contacts

broker

Chris Wieser

Avison Young - CA - BC - Vancouver

(604) 647-5089

Property Details

  • Property Type Multi-Family
  • Property Size 14,192 SF
  • Units 20
  • Lot Size 0.58 Acre
  • Year Built 2021
  • Date Updated Jan 22, 2024
York Avenue Apartments is conveniently located in North Kamloops, just off main arterials 8th Street and Halston Avenue. The Property benefits from its proximity to shopping, services and amenities providing residents with a livable location steps from North Thompson River.The Avison Young Multi-Family Team is pleased to market for sale York Avenue Apartments located at 725 York Avenue, Kamloops, BC (the “Property”). 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.

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Highlights

  • Twenty (20) stratified rental apartment units offering flexible investor exit strategies
  • Superb suite mix: 12 one-bedroom and 8 two-bedroom units
  • 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
  • Average rent: $1,625 ($2.29 psf)
  • Stabilized Net Operating Income: $260,850 (4.14% cap rate)

Attachments

Getting around

  • 30/100

    Walk Score ®

  • 44/100

    Transit Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Kamloops, BC
  • Neighborhood North Shore
  • Postal Code V2B 2

Points of Interest

  • Kamloops North

    0.98 miles

  • Kamloops

    2.42 miles

  • Chevron

    0.13 miles

  • Esso

    0.15 miles

  • Safeway Fuel Station

    0.49 miles

  • Petro-Canada

    0.63 miles

  • Esso

    1.19 miles

  • Petro-Canada

    1.41 miles

  • Esso

    1.47 miles

  • Esso

    1.54 miles

  • Esso

    2.62 miles

  • Mobil

    2.75 miles

  • Denny's Parking

    0.51 miles

  • VIA Rail parking

    0.99 miles

  • Boat Trailers

    1.08 miles

  • Dirt Parking

    1.14 miles

  • Coliseum North

    2.26 miles

  • Coliseum Upper North

    2.31 miles

  • Coliseum East

    2.36 miles

  • Viewpoint

    2.37 miles

  • CPR

    2.41 miles

  • Private

    2.44 miles

  • Kamloops guesthouse

    0.08 miles

  • Holiday Inn

    0.74 miles

  • Fortune Motel

    0.83 miles

  • Grandview Motel

    2.34 miles

  • Sandman Signature Kamloops Hotel

    2.34 miles

  • Hospitality Inn

    2.35 miles

  • Panorama Inn & Suites

    2.38 miles

  • Ramada Kamloops

    2.43 miles

  • Columbia Motor Inn

    2.44 miles

  • Best Western

    2.46 miles

  • Cheng Kwong Grocery

    0.44 miles

  • Safeway

    0.47 miles

  • Fortune Shopping Centre

    0.50 miles

  • North Hills Shopping Centre

    0.71 miles

  • Cain's Your Independent Grocer

    0.72 miles

  • Your Dollar Store With More

    1.50 miles

  • Brocklehurst Shopping Centre

    1.51 miles

  • Save-On-Foods

    1.55 miles

  • Save-On-Foods

    2.46 miles

  • Lansdowne Village

    2.51 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Chris Wieser

Avison Young - CA - BC - Vancouver

(604) 647-5089