$2,950,000
157 ELM Avenue
Beds
—
Baths
—
Sqft
—
Year
—
Type
Other
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kamloops. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
DP approved for 58 apartment units! This is an opportunity to acquire 157 and 151 Elm Avenue in North Kamloops. The Property is made up of two lots currently improved with two single family homes in the North Kamloops Neighbourhood, near Northills Mall. Both homes are currently occupied by tenants on a month-month basis. This opportunity presents a builder or developer the ability to acquire a residential condo or apartment development site, ideal for purpose built rentals or market condos, in a highly desirable market with limited supply. Located near a major shopping district and transit bus loop, close to Northills Shopping Centre (anchored by Independent Grocers, TD, BC Liquor Store, Shopper's Drug Mart). Elm Avenue is in a neighbourhood with a mix of residential and some smaller commercial buildings. Currently, there are 3 multifamily townhouse/condo developments under construction within a 1 block radius. (id:65958)
- Subtype
- Other
- Structure
- Residential Commercial Mix
- Community
- North Kamloops
- Common interest
- Freehold
- Lot size
- 0.44 acres
- Lot dimensions
- 0.44
- On market
- Feb 7, 2025
- Status changed
- Apr 24, 2026
- Photos
- 5
- MLS#
- 10334757
- Area
- KAMLOOPS
Features and systems
Heating
Cash on cash
-6.23%
Cap rate
3.62%
GRM
16.7
Break-even rent
$17,976
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.