Property Type: OtherOwnership: Freehold

533 2ND Avenue

Kamloops, BC V2V3L3

$2,500,000

Built 1967
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Property Details

Property & Lot

Sub-type
Multi-Family
Lot size
0.18 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$13,850.92

Interior

Cooling / A/C
Wall unit
Fireplace
None

Listing Information

MLS®
10397434
Listed
August 11, 2026
Time on market
On the market for 20 days
Data last synced
August 28, 2026

Listing provided by: REMAX Kamloops · Data source: CREA DDF.

Description

Great investment opportunity in this centrally located Downtown area Apartment building in South Kamloops which has Ten units comprised of nine one bedroom units and one two bedroom unit. The two bedroom unit and one of the one bedroom units are self contained with outside access and each have washer/dryer. There is a brand new boiler system which was installed in 2024. Fully tenanted and always in demand due to the great location. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

South Kamloops average

$320/sqft

3 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Mostly Cloudy

22°C

Mostly Cloudy

Humidity 48%

Wind ESE 20 km/h

Tonight

13°

Tuesday

28°

Tuesday night

16°

Wednesday

25°

Wednesday night

15°

Thursday

23°

Source: Environment and Climate Change Canada.

Population

97,902

(2021 Census)

+8.4% since 2016

Density: 328.6/km²

Dwellings: 41,619

Median household income: $88,000

After-tax: $78,000

Immigrant population: 9.9%

Top countries of origin (% of total population)

  • United Kingdom1.5% · 1,425
  • India1.3% · 1,240
  • United States of America0.8% · 790
  • Philippines0.8% · 750
  • Germany0.6% · 555
  • Italy0.5% · 535
  • China0.3% · 320
  • South Africa, Republic of0.3% · 250

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

56

7/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
St. Ann's Academy(Independent)K-12206 m
First Baptist Classical Academy of Kamloops(Independent)K-12445 m
Sa-Hali SecondaryElementary1.0 km
Beattie ElementaryElementary1.2 km
Ecole Lloyd George ElementaryElementary1.2 km
South Kamloops SecondarySecondary1.3 km
Kamloops School of the ArtsK-121.5 km
South Sa-Hali ElementaryElementary1.8 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (5+)

  • Krob Krua Thai · 290 3rd Avenue276 m
  • Sleepy's Diner285 m
  • Cafeteria306 m
  • Mittz Kitchen · 227 Victoria Street312 m
  • Maurya's Fine Indian Cuisine321 m

Cafes (5+)

  • Kekuli Cafe Coffee - Kamloops204 m
  • ahhYaY295 m
  • Cafe Motivo · 229 Victoria Street319 m
  • He Brew's Ahava Coffee Inc · 210 Victoria Street349 m
  • The Art We Are · 246 Victoria Street352 m

Grocery (2)

  • Daana Paani · 414 Seymour Street426 m
  • Save-On-Foods · 450 Lansdowne Street599 m

Parks (5+)

  • Memorial Hill Park84 m
  • Gaglardi Square · 173 SEYMOUR ST212 m
  • Unnamed590 m
  • Unnamed607 m
  • Connaught Tot Lot · 225 Connaught Road682 m

Shopping (2)

  • Lansdowne Village683 m
  • London Drugs · 450 Lansdowne Street729 m

Pharmacies (5+)

  • Pratt's · 321 Nicola Street189 m
  • Columbia Street Pharmacy · 300 Columbia Street269 m
  • Kipp-Mallery · 273 Victoria Street340 m
  • Pharmasave419 m
  • Manshadi Fharmacy · St Paul Street484 m

Banks & ATMs (5+)

  • Valley First Credit Union251 m
  • BDC310 m
  • Mortgage Network · 328 Seymour Street323 m
  • TD · 301 Victoria Street352 m
  • Unnamed358 m

Nearby places data: © OpenStreetMap contributors.

School district: Kamloops-Thompson (SD73)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($500,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,000,000.00
Periodic payment — Principal & Interest (monthly)$12,903.32
Additional monthly expenses (strata, tax, utilities, etc.)$1,154.24
Total monthly cost$14,057.56
Interest paid over 5-yr term$573,205.75
Balance at end of term$1,799,006.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$500,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,379.30

Cash Needed at Closing

Minimum down payment$500,000
Estimated BC PTT$53,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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