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$269,000

525 Nicola Street Unit# 604

South Kamloops, Kamloops · MLS® 10394470

1 bed · 1 bath · 588 sq ft · 1 parking

Condo · Single Family · built 1982 · 82 days on market

Listed by Jessica Gunnlaugson, REMAX Kamloops

Bright, south-facing 1-bedroom condo in the absolute heart of downtown Kamloops! Now vacant! This well-maintained home features a highly functional layout, extending out to a private balcony perfect for enjoying the sunny exposure with natural light, unbeatable location for ultimate convenience: enjoy secure underground parking while living within easy walking distance to Royal Inland Hospital, Riverside Park, transit, shopping, and downtown's best restaurants. Whether you are a first-time buyer looking to get into the market, a healthcare professional wanting a seamless commute, or an investor seeking a preferred rental location, this low-maintenance property is an exceptional opportunity. Rentals are allowed. Schedule your viewing today!

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 588 sq ft
Parking: 1
Year built: 1982
Property tax: $1,813 / yr
Strata fee: $290 / mo ($0.49 / sq ft)
Strata rules: Pets not Allowed
Days on market: 82
MLS®: 10394470

Buying in a building from 1982 to 2000: what to read first

Typical for the area (-6.0%)

Price per sq ft: $457 vs $487 median for condos in South Kamloops for sale (45)

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.

Pets not Allowed

On market 82 days

Listed now: 39 days; median for 130 condos for sale; this one 82 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Kamloops Thompson School District 73

Elementary K-7 Beattie Elementaryhomes in this catchment
1.7 km away · 492 Mcgill Rd, Kamloops · 250-374-0608
Secondary 8-12 South Kamloops Secondaryhomes in this catchment
800 m away · 821 Munro St, Kamloops · 250-374-1405

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.

$1,613/mo

Mortgage $1,172 · Tax $151 · Strata $290

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

estimated payment

$1,172/ monthly

loan $215,200

25-year amortization

down payment20% · $53,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $136,402
property transfer tax: $3,380; BC general rate
cash to close: $57,180; down + PTT
total paid: $351,602

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.

Rent: $1,345/mo
After all costs: −$411/mo
Cap rate: 3.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,172 · tax $151 · strata $290 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom 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

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