For Sale
Thompson Rivers Manor
Kamloops, BC V2B 3J6
Asset Snapshot
Offering Summary
Investment Overview
The Avison Young Multi-Family Team is pleased to market for sale Thompson Rivers Manor, a thirty-five (35) unit rental apartment building on the North Shore of Kamloops, BC. The Property is located on Tranquille Road offering convenient access to an abundance of amenities, shopping and services. The Property had approximately $1.7M of capital invested into the building due to a fire that occurred in 2018.
This is a remarkable opportunity for an investor to acquire a stable cash-flowing asset in BC’s rapidly growing Interior with rental growth opportunity and long-term redevelopment potential.
Investment Highlights
- Concrete block and wood-frame construction
- Tenants pay their own heat, hydro and hot-water
- Each unit contains its own hot-water tank (all replaced in 2020 & 2021)
- Double pane windows replaced in 2023
- Two washers & two dryers leased with Sparkle until 2027
- Approximately $1.9M of capital invested
- Three-storey walk up (no elevator)
- Common area upgrades and exterior paint
- CCTV security cameras
- New roof replaced in 2023
- Asphalt parking lot resurfaced in 2024
- Balcony & deck repairs in 2024
How it Works
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