$2,650,000

992 Fernie Road, Kamloops V2C1B3

Detached

Listed by: Brendan Shaw Real Estate Ltd..

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Description

3/4 acre residential development site in a prime position near Thompson Rivers University - ideal for townhouses or low rise multifamily. City services include water, sewer, hydro and natural gas. This site offers fantastic views and close proximity to schools, shopping and transit. Kamloops' West End is highly desirable, with easy access to the bustling University and both the Sahali Center and Downtown core. Preliminary layout drawings available for a 16 unit townhome complex, current zoning may allow for higher density. Buyer to confirm City of Kamloops Revitalization Tax Exemption eligibility for purpose built rentals. (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Structure: Other

Annual Taxes: $6,627

Lot Size: 0.75

Property Details

Property Type	Detached
Sub Type	Vacant Land
Lot Size	1 sq ft
Listing ID	10388301

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992 Fernie Road, Kamloops
MLS® 10388301 · $2,650,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

Monthly payments use Canadian fixed-rate, semi-annual compounding. The term is the contract length; amortization is the repayment period. Renewal rates may change.

Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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