York Avenue Apartments
Kamloops, British Columbia
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 2021
- Building size (SF) 14,192
- Size (Ac) 0.58
- Price $6,295,000 CAD
Overview
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.
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)
