Main Photo: 225 7TH Avenue in Kamloops: South Kamloops Building and Land for sale : MLS®# 169490
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Status:
Active
Prop. Type:
Building and Land
MLS® Num:
169490
(3) 50x120ft lots with separate titles for a total of 18,000 sq ft CBD zoned land plus 7019 sq ft building. This prime downtown corner lot location has superb exposure and is fully occupied with great tenants. Keep it as is or hold and build in the future. Potential building lot on vacant lot 3. Excellent location and good income with on site parking, lane access and irrigated grounds. Many units have recently been renovated, including brand new rooftop unit, plumbing & electrical upgrades. 7 separate leasable units. Approx net income of $95,000 offers a 5.4% cap for this investment. Kamplan 2018 states that the purpose of the land use designation is âto allow for a mix of medium- to high-density multi-family, commercial, and community uses. Future development in this designation may include commercial (retail and office), mixed-use, with commercial on lower floors and residential above, medium- to high-density multi-family. Contact LB for appt, Pls allow notice for showings.
Listing Area:
Kamloops
Listing Sub-Area:
South Kamloops
Title:
Freehold
Property Type:
Building and Land
For Sale:
Yes
For Lease:
No
For Rent:
No
Taxes:
$15,130 / -
Lot Area:
18,000.12 sq. ft.
Water Supply:
City
Sewer:
Sewer Connected
Legal Description:
Lot 2, Block 70, Plan KAP193, District Lot 234, Kamloops Div of Yale Land District
Zoning:
CBD
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Listed by DAIMION APPLEGATH* of RE/MAX REAL ESTATE (KAMLOOPS)
Data was last updated November 25, 2022 at 02:40 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$297,515
Min list price:
$25
Max list price:
$2,500,000
Avg days on market:
149
Min days on market:
8
Max days on market:
157
These statistics are generated based on the current listing's property type and located in South Kamloops. Average values are derived using median calculations.