$12,800,000

QuickQuote^TM: Not Available

Kamloops BC, V2B 7V3

MLS® # 10365421

Property Information:

This is an opportunity to acquire a multifamily development site at 1100 Ord Road, Kamloops BC (“The Property”). The Property is made up of a 4.47 acre residential development site in the North Kamloops neighbourhood, specifically at the epicentre between Batchelor Heights, Brocklehurst and Westsyde neighbourhoods. On the Property there is a concrete block warehouse w/ 2 storey office, built circa 2004, featuring approximately 6360sqft and 5 bay doors (currently rented for holding income). There is an approved Development Permit with plans for 344 dwelling units, representing GFA of 233,734sqft over 3 buildings. This opportunity presents a developer the ability to acquire a development site that could be split into phases, or built all at once. The site is ideal for purpose built rentals, in a highly desirable market with limited supply. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Fire Protection: Security, Security system
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Built in: 2004
Sewer: Municipal sewage system
Parking Type: See Remarks, Attached garage, RV
No. of Parking Spaces: 5

Courtesy of: Brendan Shaw Real Estate Ltd.

More Detail

Less Detail

⚠ Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Market Price Trends

Location of 1100 Ord Road, Kamloops, British Columbia, V2B 7V3

Lifestyle
Neighbourhood

Demographic Information of 1100 Ord Road, Kamloops, British Columbia, V2B 7V3

Life Stage

Midlife Families

Employment Type

Service Sector/White Collar

Average Household Income

$109,706.46

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.46 %

High school certificate or equivalent

42.43 %

Apprenticeship trade certificate/diploma

9.8 %

College/non-university certificate

15.54 %

University certificate (below bachelor)

1.13 %

University Degree

10.64 %

Commuter

Travel To Work

By Car

93.03 %

By Public Transit

1.05 %

By Walking

2.4 %

By Bicycle

0.0 %

By Other Methods

3.52 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

12.95 %

Houses

87.05 %

Own Vs. Rent