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Kamloops townhouse rental complex fetches $3.2 million

Multi-family community of 18 three-bedroom units goes for equivalent of more than $180,000 per unit
DD Kamloops townhouse rental complex

A rare townhouse rental property, with 18 three-bedroom units, has sold in Kamloops for the equivalent of more than $180,000 per unit, reports Avison Young.

Breakdown:

Property type: Multi-family townhouse rental

Number of units: 18

Location: 963 Schubert Drive, Kamloops, B.C.

Land size: 0.9 acres

Zoning: RM-2

List price: $3.75 million

Sale price: $3.22 million

Date of sale: January 14, 2020

Brokerage: Avison Young

Brokers: Carey Buntain, Chris Wieser, Robert Greer and Bijan Lalji