York Avenue Apartments

Investment Overview

Avison Young is pleased to market for sale York Avenue Apartments located at 725 York Avenue, Kamloops, BC. 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.

This offering presents an investor with an opportunity to acquire a stratified rental apartment building well below replacement cost and assessment value in a rapidly growing and supply constrained market.

Investment Highlights

• Twenty (20) stratified rental apartment units offering flexible investor exit strategies
• 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