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Parkview Gardens 233 Sherwood Drive 26 Unit Apartment Building $3,793,433 USD ($145,901 USD/Unit) 5.01% Cap Rate Kamloops, BC V2B 4E1
Investment Highlights
- Professionally managed property.
- Units include heating, a kitchen, oven, and shower.
Executive Summary
The property comprises 26 residential units with a strong suite mix of 8 one-bedroom, 14 two-bedroom, and 4 three-bedroom units, offering broad tenant appeal. Originally constructed in 1965, the asset sits on an expansive lot exceeding 38,000 square feet and is professionally managed. The site offers significant redevelopment upside, with potential to develop a 6-storey apartment building at a 2.50 FSR, positioning the property as both a stable income investment and a compelling long-term value-add or redevelopment opportunity.
Property Facts
| Price | $3,793,433 USD | Property Subtype | Apartment |
| Price Per Unit | $145,901 USD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.01% | Building Size | 19,855 SF |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Zoning | RM3 - Medium Density | ||
| Price | $3,793,433 USD |
| Price Per Unit | $145,901 USD |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 19,855 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | RM3 - Medium Density |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
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Parkview Gardens | 233 Sherwood Drive
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