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Investment signal

$979,500

694&696 Lombard Street

Beds

5

Baths

2

Sqft

Year

1975

About this home

694/696 Lombard St. - Incredible opportunity to own this side by side duplex with separate titles. Each side is a rancher entry with 2BR's up, 1 full bathroom, kitchen and living area. Both sides have great views of the city and mountains. Basement on each side is partially finished with walk out access to the fully fenced back yard. Both basements could be suited but would require plumbing rough in and framing. 694 has A/C, none on the 696 side. 696 has a long time tenant paying $1650/month on a month to month lease. Wants to stay and willing to negotiate a long term lease. Both sides have been extensively renovated inside and out over the years. Nothing left to be done to these homes except move in. Parking for each suite as well as extra parking for RV storage on the side. Extensive landscaping with a water feature. These homes have to be seen to be appreciated. (id:65958)

Subtype
Single Family
Architectural style
Ranch
MLS#
10378754
Area
KAMLOOPS
Negative cash flow ~$1,906/mo at these assumptions

Cash on cash

-11.67%

Cap rate

3.55%

GRM

16.7

Break-even rent

$6,906

Financing

Down payment$195,900
Loan amount$783,600
Mortgage$4,807/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$449
Insurance$80
Maintenance$816
CapEx reserve$408
Vacancy loss$245

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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

Estimated $4,807/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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