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281 VICTORIA Street W, Kamloops | $3,475,000

Prime investment and redevelopment opportunity in one of Kamloopsa?? busiest commercial corridors. Currently operating as a well-maintained mixed-use complex, the property offers over 12,000 sq. ft. of leasable space on nearly 0.75 acres of C6 Arterial Commercial zoned land, providing immediate income along with significant long-term potential. The existing building includes 6 commercial units and 3 residential apartments ranging from approximately 600a??750 sq. ft. Commercial spaces range from approximately 900a??3,500 sq. ft. and are occupied by a diverse mix of established retail, service, office, and light industrial tenants, creating a stable and diversified revenue stream. Built with a combination of concrete and wood-frame construction, the property has benefited from ongoing improvements and offers functional layouts, ceiling heights ranging from 8a??a??16a??, and convenient access for customers, tenants, and service vehicles. Located along West Victoria Street, the property enjoys excellent frontage and visibility on a high-traffic route connecting several key areas of the city. Its central location places it just minutes from downtown, City Hall, and the confluence of the North and South Thompson Rivers. With flexible C6 zoning, a generous site, strong exposure, and an established income-producing configuration, this property offers an excellent opportunity to hold, operate, and potentially intensify in the future.

Description

Prime investment and redevelopment opportunity in one of Kamloopsa?? busiest commercial corridors. Currently operating as a well-maintained mixed-use complex, the property offers over 12,000 sq. ft. of leasable space on nearly 0.75 acres of C6 Arterial Commercial zoned land, providing immediate income along with significant long-term potential. The existing building includes 6 commercial units and 3 residential apartments ranging from approximately 600a??750 sq. ft. Commercial spaces range from approximately 900a??3,500 sq. ft. and are occupied by a diverse mix of established retail, service, office, and light industrial tenants, creating a stable and diversified revenue stream. Built with a combination of concrete and wood-frame construction, the property has benefited from ongoing improvements and offers functional layouts, ceiling heights ranging from 8a??a??16a??, and convenient access for customers, tenants, and service vehicles. Located along West Victoria Street, the property enjoys excellent frontage and visibility on a high-traffic route connecting several key areas of the city. Its central location places it just minutes from downtown, City Hall, and the confluence of the North and South Thompson Rivers. With flexible C6 zoning, a generous site, strong exposure, and an established income-producing configuration, this property offers an excellent opportunity to hold, operate, and potentially intensify in the future.

General Info


MLS Listing ID: 10399759 Bedrooms: 0 Bathrooms: 0 Year Built: 0
Parking: Stall Heating: Baseboard heaters, See remarks Lotsize: 0.72 ac|under 1 acre Air Conditioning : Window air conditioner

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .