About This Property
Welcome to this well maintained and thoughtfully updated 5 bed/2bath home in North Kamloops, offering excellent value for families and investors alike. With a fully finished basement suite, lane access, and a long list of recent upgrades, this property is move-in ready with strong income potential. Recent improvements include a roof, furnace, 200 amp electrical service, new flooring upstairs, fresh paint throughout, new baseboards, new blinds, and updated light switches. The downstairs bathroom was retiled in 2022, and laundry has been added to the lower level, enhancing suite functionality and tenant appeal. This space could be ideal for extended family, or mortgage helper potential. Approximate rents of $4000/month could provide cash flow of $400+ monthly or 6% Cap Rate. The main floor offers bright living space with a functional layout. Large living area and generous sized bedrooms. A single-car garage, extra parking, and lane access to the backyard add flexibility for owners or future development ideas (R2 Zoned). Outside, enjoy a large backyard with mature fruit trees, perfect for families, gardening, or added outdoor value. Conveniently located close to schools, transit, shopping, and amenities, this property checks all the boxes for a smart long-term investment or a comfortable family home with income support. A solid opportunity in a high-demand Kamloops, BC neighbourhood. (id:64973)
At $318 per square foot, this 1885 square foot home in North Kamloops is priced competitively compared to the city's current average of $365 per square foot, offering excellent value for prospective buyers. With a fully finished basement suite and recent upgrades, this property presents a compelling investment opportunity for both families seeking additional living space and investors looking to capitalize on the strong rental demand in the area.
Property Details
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