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$959,900

2623 PARKVIEW Drive

Westsyde, Kamloops · MLS® 10402498

3 bed · 4 bath · 3,110 sq ft · 1 sq ft lot · 6 parking

House · Single Family · built 1966 · 5 days on market

Listed by Malia Magnusson, REMAX Kamloops

Realtor's description

Investment opportunity in Kamloops' desirable Westsyde neighbourhood! Situated on a generous 23,624 sq. ft. R2-zoned lot, this fully tenanted property features four self-contained rental units, offering established rental income. Features include ample parking, shared laundry with two sets of machines, additional storage, updated windows, three new hot water tanks, roof(2020), and underground sprinklers. Four individual unit meters plus a common-area meter. Conveniently located near schools, shopping, parks, recreation, and transit. Financial information available upon request. Room measurements are for one side only.

Property details

Type: House, Single Family
Bedrooms: 3
Bathrooms: 4
Living area: 3,110 sq ft
Lot: 1 sq ft
Parking: 6
Year built: 1966
Property tax: $5,380 / yr
Days on market: 5
MLS®: 10402498

Price check

Typical for the area (-0.3%)

2026 assessment: $785,000 · asking is +22%
Price per sq ft: $309 vs $309 median for houses in Westsyde for sale (53)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 5 days · no price changes so far

The market here

Listed now: 49 days; median for 608 houses for sale; this one 5 days

Houses in Kamloops. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$4,631/mo

Mortgage $4,182 · Tax $448

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,182/ monthly

loan $767,920

25-year amortization

down payment20% · $191,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 8, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $486,738
property transfer tax: $17,198; BC general rate
cash to close: $209,178; down + PTT
total paid: $1,254,658

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Suite rent: $1,345/mo
Your cost after the suite: $3,568/mo; vs $4,806 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $4,182 · tax $448 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Kamloops (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

Westsyde, KamloopsGoogle Maps ↗

Location

Westsyde, KamloopsGoogle Maps ↗

Schools

Catchment schools, Kamloops Thompson School District 73

Elementary K-7 Arthur Stevenson Elementaryhomes in this catchment
1.0 km away · 2890 Bank Rd, Kamloops · 250-579-9284
Secondary 8-12 Westsyde Secondaryhomes in this catchment
2.9 km away · 3550 Westsyde Rd, Kamloops · 778-696-2265

From the Kamloops Thompson School District 73's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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