Property Type: Detached HouseOwnership: Freehold

740 Sherwood Drive

Kamloops, BC V2B4E5

$674,900

5 bed3 bath6 parking2,302 sqftBuilt 1965
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.16 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,078.45

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (2)
Fireplace type
Electric, Unknown
Flooring
Mixed Flooring

Exterior & Lot

Exterior features
Other

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
6 — uncovered indicated
Features
Additional Parking

Room Dimensions

RoomLevelDimensions
KitchenMain level7'9'' x 14'8''
Living roomMain level13'3'' x 17'
Dining roomMain level8'2'' x 10'2''
Primary BedroomMain level12'5'' x 13'7''
BedroomMain level10' x 13'7''
BedroomMain level9' x 11'3''
4pc BathroomMain level
KitchenBasement11' x 24'
Living roomBasement13' x 12'9''
BedroomBasement8'10'' x 13'7''
BedroomBasement9' x 11'3''
4pc Ensuite bathBasement
4pc Ensuite bathBasement
StorageBasement6'8'' x 9'9''

Listing Information

MLS®
10393196
Listed
July 2, 2026
Time on market
On the market for 60 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kamloops Realty (Seymour St) · Data source: CREA DDF.

Description

This extensively renovated 5-bedroom, 3-bathroom North Kamloops home offers exceptional value, outstanding flexibility, and a beautifully finished self-contained 2-bedroom basement suite with a separate entrance and separate laundry. The suite is a true standout, featuring a spacious dream kitchen with a gas stove, vinyl plank flooring, and two large bedrooms, each with its own private 4-piece ensuite. The bright main level has been extensively updated over the years with an updated kitchen, bathrooms, flooring, interior doors and hardware, lighting, and a new upstairs washer (2024). Major mechanical improvements provide complete peace of mind, including a high-efficiency furnace, central air conditioning, hot water on demand, and new roof in 2021. Outside, the fully usable, fenced yard offers fruit trees, a detached shop, abundant parking, and dedicated RV parking with plenty of space for vehicles, trailers, and recreational toys. Located on a quiet street in North Kamloops close to McArthur Island, schools, parks, shopping, transit, and other amenities, this turn-key property is an outstanding opportunity for investors, families seeking a great mortgage helper with exceptional income potential. (id:63159)

Values & Trends

This listing

$293/sqft

Building average

No other active listings in this building

North Kamloops average

$349/sqft

38 active listing(s)

Parking: 6 stall(s) includedStorage 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

41

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
Kamloops Christian School(Independent)Elementary198 m
Our Lady of Perpetual Help(Independent)Elementary345 m
Norkam Secondary SchoolSecondary552 m
Arthur Hatton ElementaryElementary1.0 km
AE Perry ElementaryElementary1.2 km
Bert Edwards Science & TechnologyElementary1.4 km
Twin Rivers Education CentreK-121.6 km
George Hilliard ElementaryElementary2.0 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+)

  • Moon Wok304 m
  • White Spot341 m
  • C-Lovers Fish & Chips363 m
  • Spice - Original Taste of India · 700 Tranquille Road402 m
  • Denny's · 898 Tranquille Road412 m

Cafes (4)

  • Tim Hortons · 481 Tranquille Road633 m
  • Red Beard Cafe · 449 Tranquille Road732 m
  • Starbucks752 m
  • Pizza Pizza · 1208 Tranquille Rd761 m

Grocery (3)

  • Sarah's Your Independent Grocer414 m
  • Cheng Kwong Grocery · 864 8th Street554 m
  • Safeway559 m

Parks (1)

  • McDonald Park762 m

Shopping (3)

  • North Hills Shopping Centre486 m
  • Fortune Shopping Centre · 750 Fortune Drive562 m
  • Canadian Tire · 944 8th Street759 m

Pharmacies (1)

  • Shoppers Drug Mart · 700 Fortune Drive539 m

Banks & ATMs (5+)

  • Scotiabank · 781 Tranquille Road294 m
  • RBC · 789 Fortune Drive395 m
  • CIBC · 700 Tranquille Road422 m
  • Interior Savings471 m
  • TD Canada Trust · 700 Tranquille Road513 m

Nearby places data: © OpenStreetMap contributors.

School district: Kamloops-Thompson (SD73)

Mortgage & Ownership Cost Calculator

Minimum required: 6.3% ($42,490) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$539,920.00
Periodic payment — Principal & Interest (monthly)$3,483.38
Additional monthly expenses (strata, tax, utilities, etc.)$538.20
Total monthly cost$4,021.58
Interest paid over 5-yr term$154,742.62
Balance at end of term$485,659.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$42,490
Stress test qualifying rate8.09%
Payment you must qualify for$4,863.01

Cash Needed at Closing

Minimum down payment$42,490
Estimated BC PTT$11,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$55,488

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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