C$2,950,000

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:41202)