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New rental apt. building in Kamloops sells for $8.9M

A new 40-unit purpose-built rental apartment building in Kamloops has sold for the equivalent of $222,500 per door.
Western Investor Staff
Avison Young Kelowna sale
Carey Buntain, Rob Greer, Bijan Lalji and Chris Wieser of Avison Young for Western Investor

Property type: Multi-family (new build)

Location: 155 Oriole Road, Kamloops, B.C.

Number of units: 40

Built by: Wrabel Brothers, Kamloops 

Size of property: 25,284 square feet

Land size: 0.49 acres 

Zoning: RM-2A (Downtown multi-family, medium density)

Sale price: $8.92 million

Date of sale: May 15, 2020

Brokerage: Avison Young, Vancouver

Brokers: Carey Buntain, Rob Greer, Bijan Lalji and

Chris Wieser