Investment Overview

The McEvay | Blair Multifamily Group and Marcus & Millichap are pleased to present investors with the exclusive opportunity to purchase 100% freehold interest in Silvercrest Suites, a 53 unit, strata-titled rental apartment building located on Kamloops’ North Shore. The newly built (2014) 5-storey multifamily asset constructed by a local, reputable developer is designated for tenants age 55 and over; which is a severely under-served demographic in Kamloops. High demand for the well-appointed units in Silvercrest Suites outweighs the supply, resulting in substantial rental rates, historically high increases on turnover, and secure cash flow. The asset is strategically located directly across the street from Northills Shopping Centre, an amenity-rich complex with grocery, banks, restaurants, services, and public transit, a mere steps from the front door of Silvercrest.