For Sale · Specialty

765 McGill Road Unit# 101, Kamloops

765 McGill Road Unit# 101, Kamloops, BC V2C0B7

$539,000 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

92%

About this property

Rare opportunity to own a highly improved commercial VIEW strata unit at 765 McGill Road, directly across from the university & situated along a busy Sahali shopping district with excellent visibility, convenient access, lots of parking & strong surrounding commercial activity. Well suited to owner-occupier, professional practice or personal-service business. This unit also has the unique feature of being zoned to allow for a Primary Liquor license establishment. The space features built-in cabinetry, 4 sinks (plus 1 in bathroom), washer/dryer, bar fridge, extensive electrical including floor-mounted power, exterior patio with exterior electrical, wheelchair accessibility, controlled front entry, unit-specific HVAC and a 4-camera app-based Arlo security system. McGill-facing complete TV systems hard wired thru built-in cabinetry with custom rotating mounts for interior/exterior display/marketing. Building amenities incl. gym, courtyard and second-floor conference rm. Open client parking is available in designated areas immediately adjacent to 755/765 McGill for up to 2 hrs, with longer stays possible. One underground parking stall is also included with the unit. Winter snow removal is provided for common areas. The CD2 zoning allows for liquor-primary use, subject to approval by the applicable municipal and provincial governing authorities. Smoking is allowed on the unit's patio. Strata fee: $308.88. GST applicable. Buyer to confirm listing details if important. (id:66811)

Financial sandbox

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Estimate
Purchase price$539K
Down payment30% · $162K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$34K

Annual cash flow

$5K

Cash-on-cash

2.82%

DSCR

1.15

Going-in cap

6.39%

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

67,923

Households

25,173

Median income

$116,500

Median age

34.5

Daytime population

84,019

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 765 McGill Road Unit# 101, 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.