For Sale · Land

1384 6th Avenue, Kamloops

1384 6th Avenue, Kamloops, BC V2C3S4

$575,000 total

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Asset Class

Land

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

89%

Lot Size

0.19 ac

About this property

Rare opportunity to build your dream home in one of Kamloops’ most established and desirable neighbourhoods! Located at 1384 Sixth Avenue in South Kamloops, this vacant residential lot offers an exceptional setting backing onto the natural beauty of Peterson Creek. Previously home to an existing residence that has since been demolished, this property presents a unique opportunity to build new in a mature neighbourhood where vacant lots are increasingly difficult to find. Enjoy the convenience of being just minutes from downtown Kamloops, Royal Inland Hospital, schools, shopping, parks, and recreation, while having the natural surroundings of Peterson Creek right at your doorstep. Whether you’re looking to build your forever home or explore the property’s development potential, this is a rare chance to secure a vacant lot in a highly sought-after central location. Bring your plans and take advantage of this exceptional opportunity! (id:66811)

Financial sandbox

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Estimate
Purchase price$575K
Down payment30% · $173K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$24K

Annual cash flow

$-7K

Cash-on-cash

-4.33%

DSCR

0.77

Going-in cap

4.24%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

51,682

Households

22,513

Median income

$132,000

Median age

35.3

Daytime population

52,122

5-yr growth

4.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1384 6th Avenue, Kamloops.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.