$ 12,800,000 – 1100 Ord Road

0 BR / 0 BA Multi-family – Kamloops

This is an opportunity to acquire a multifamily development site at 1100 Ord Road, Kamloops BC (“The Property”). The Property is made up of a 4.47 acre residential development site in the North Kamloops neighbourhood, specifically at the epicentre between Batchelor Heights, Brocklehurst and Westsyde neighbourhoods. On the Property there is a concrete block warehouse w/ 2 storey office, built circa 2004, featuring approximately 6360sqft and 5 bay doors (currently rented for holding income). There is an approved Development Permit with plans for 344 dwelling units, 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. (id:6769)