Prime investment and redevelopment opportunity in one of Kamloops’ 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 600–750 sq. ft. Commercial spaces range from approximately 900–3,500 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 8’–16’, 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. (id:4069)
Address
281 VICTORIA Street W
List Price
$3,475,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kamloops
Floor Area
12,058 Sq. Ft.
Lot Size
0.72 Ac.
MLS® Number
10399759
Listing Brokerage
Royal LePage Westwin Realty
Postal Code
V2C1A5
Site Influences
Public Transit, Park, Recreation, Shopping
Features
Level lot
Community Features
High Traffic Area
Heat Source
Electric
Heat Type
Baseboard heaters, See remarks
Cooling Features
Window air conditioner
Water Source
Municipal water
Access To Property
Easy access
Sewer
Municipal sewage system
