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1100 Ord Rd - Ord Road Multifamily Development Site 4.47 Acres of Commercial Land Offered at $9,169,580 USD in Kamloops, BC V2B 7V4

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INVESTMENT HIGHLIGHTS

Fully approved Development Permit for 344 units
Income potential from existing warehouse during development
Quick access to Kamloops Airport and Highway 97

Prime North Kamloops location with strong rental demand
Southern exposure with potential city views
Asset or Share sale

EXECUTIVE SUMMARY

We are pleased to present this opportunity to acquire 1100 Ord Road, Kamloops BC (“The Property”). The City of Kamloops has approved a Development Permit and Re-zoning application for 344 dwelling units with surface parking and underground parking (reports are available upon request), representing GFA of 233,734sqft over 3 buildings.
This opportunity presents a developer the ability to acquire a development site that could be split into phases or built all at once. The site is ideal for purpose-built rentals, in a highly desirable market with limited supply.

1100 Ord Road Brochure

PROPERTY FACTS

Price	$9,169,580 USD	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Condition	Redevelopment Project	Proposed Use	Multifamily Apartment Units Apartment Units - Senior
No. Lots	1	Total Lot Size	4.47 AC
Zoning	RM5 - Multifamily Residential

Price	$9,169,580 USD
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units Apartment Units - Senior
Total Lot Size	4.47 AC
Zoning	RM5 - Multifamily Residential

1 LOT AVAILABLE

Lot

Price	$9,169,580 USD	Lot Size	4.47 AC
Price Per AC	$2,051,360.10 USD

Price	$9,169,580 USD
Price Per AC	$2,051,360.10 USD
Lot Size	4.47 AC

The Property is made up of a 4.47 acre multifamily development site in the North Kamloops neighbourhood, specifically at the epicentre between Batchelor Heights, Brocklehurst and Westsyde Neighbourhoods. The Property is currently improved with a 6360

DESCRIPTION

The Property is located on Ord Road, a busy arterial corridor connecting Kamloops Airport to the North Shore Business District. The property is seated on a bench of mixed native soils and bedrock at the base of Batchelor Heights, a residential development bordering Lac Du Bois grassland. The Property immediately borders “Batchelor Park”, a grasslands area. The site area has incredible potential for city views with its southern sun exposure. Ord Road is a mix of commercial, residential and light industrial and is in close proximity to Kamloops Airport, Highway 97 and North Kamloops. These arterial routes ensure quick and easy access to the majority of the city’s amenities and population base. The property is a short walk to both Batchelor Heights and Westsyde bus loops, and various city schools and parks.

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