
233 Sherwood Drive
Kamloops, BC
For Sale
$5,200,000
CDNGLOBAL is pleased to present Parkview Gardens – a rare investment opportunity located on the North Shore of Kamloops. This well-maintained, 26-unit building, offers a superior unit mix of 15 one-bedrooms, 7 two-bedrooms, and 4 three-bedrooms, with free parking and convenient access to major retail areas, including the North Hills Shopping Centre, schools, and the North Shore Bus Exchange.
Additionally, due to Parkview Garden’s proximity to the Bus Exchange, the 30,000+ sq.ft. of land falls within the 200 – 400m ring of the Transit Oriented Area (TOA) Policy, allowing for redevelopment of a low-rise, 6-storey apartment building at a Floor Space Ratio (FSR) of 2.50.
The property is professionally managed, which enables regular upkeep and renovations during tenant turnover. Along with the redevelopment potential, Parkview Gardens offers a compelling opportunity for savvy investors looking to capitalize on Kamloop’s growth.
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Details
Sale Price
$5,200,000.00
Net Operating Income (NOI)
Contact Broker for Pricing
Construction Status
Existing
Availability
Immediately
Building Size
14,500 sq ft
Lot Size (SF)
38,912 sq ft
Zoning
RM3 – Multi Family 3 – Medium Density
Year Built
1965