Skip to main content

Multifamily

941 7th St

941 7th St, Kamloops, BC V2B 2W7

Listing Price: $14,750,000

Cap Rate
4.94%
Number of Units
54
Price/Unit
$273,148
Price/Gross SF
$612.95
Gross SF
24,064

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 Copperview Suites, a brand new, 54 unit, strata-titled rental apartment building located on Kamloops’ North Shore. The 2021-built 5-storey multifamily asset constructed by a local, reputable developer is designated for tenants age 55 and over; a severely under-served demographic in Kamloops. Lease-up of the property was successfully completed in December with full occupancy at rents just below $3 per square foot. The feverish demand and low supply of these type of rental units in Kamloops will result in consistent rental rates and secure cash flow. The asset is strategically located directly across the street from Fortune Shopping Centre, an amenity rich complex with Safeway, BMO, and Dollarama, and Starbucks, steps from the front door of Copperview.

Investment Highlights

  • Brand new construction built in 2021 by a reputable Kamloops-based developer
  • Suites offer excellent layouts, all with full appliance packages (including insuite laundry), air conditioning and balconies
  • Large secured above-ground parkade with 22 stalls and there are also 11 surface stalls available

Exclusively Listed By

Multifamily

941 7th St

Listing Price: $14,750,000

Cap Rate
4.94%
Number of Units
54
Price/Unit
$273,148
Price/Gross SF
$612.95
Gross SF
24,064

Investment Highlights

  • Brand new construction built in 2021 by a reputable Kamloops-based developer
  • Suites offer excellent layouts, all with full appliance packages (including insuite laundry), air conditioning and balconies
  • Large secured above-ground parkade with 22 stalls and there are also 11 surface stalls available

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 Copperview Suites, a brand new, 54 unit, strata-titled rental apartment building located on Kamloops’ North Shore. The 2021-built 5-storey multifamily asset constructed by a local, reputable developer is designated for tenants age 55 and over; a severely under-served demographic in Kamloops. Lease-up of the property was successfully completed in December with full occupancy at rents just below $3 per square foot. The feverish demand and low supply of these type of rental units in Kamloops will result in consistent rental rates and secure cash flow. The asset is strategically located directly across the street from Fortune Shopping Centre, an amenity rich complex with Safeway, BMO, and Dollarama, and Starbucks, steps from the front door of Copperview.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower