Thompson Rivers Manor
975 Tranquille Road, Kamloops, BC
FOR SALE
Property Details
- Year Built 1970
- Site Size 20,715 sf
- Units 35
- Zoning RM-3
- Density 75 dwelling units per hectare
- Max Height (under zoning) 4 storeys
- Parking 26 stalls
- Stabilized NOI $334,915
- Pricing Guidance Contact listing agents for details
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.
Property Features & Upgrades
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
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