568 LORNE Street Unit# 401
South Kamloops, Kamloops · MLS® 10395145
2 bed · 2 bath · 1,091 sq ft · 1 parking
Condo · Single Family · built 2021 · 79 days on market
Listed by Jessica Gunnlaugson, REMAX Kamloops
Realtor's description
Built in 2021, this sought-after building offers terrific walkable location just steps from Riverside Park, the River's Trail, restaurants, cafes, shopping, entertainment, and all of downtown Kamloops' amenities. Great river and mountain views! Enjoy low-maintenance living in a quality building with modern finishes, exceptional views, and an outstanding lifestyle opportunity. Strata fee $413.58. The primary bedroom features a walk-in closet and ensuite, while the second room can serve as den or 2nd bedroom, space for guests, a home office, or hobbies. Additional features include quartz countertops, in-suite laundry, secure underground parking, storage locker, and controlled building access. Amazing outside space with a large wrap-around deck to take in all the views! Vacant and quick possession possible!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,091 sq ft
- Parking
- 1
- Year built
- 2021
- Property tax
- $3,721 / yr
- Strata fee
- $414 / mo ($0.38 / sq ft)
- Strata rules
- Seniors Oriented
- Days on market
- 79
- MLS®
- 10395145
Features
- Seniors Oriented
- Refrigerator
- Dishwasher
- Range
- Microwave
- Washer & Dryer
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $1,673/mo
- After all costs
- −$1,703/mo
- Cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $2,483 · tax $310 · strata $414 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
Location
Schools
Catchment schools, Kamloops Thompson School District 73
- Elementary K-7 Beattie Elementaryhomes in this catchment
2.0 km away · 492 Mcgill Rd, Kamloops · 250-374-0608
- Secondary 8-12 South Kamloops Secondaryhomes in this catchment
1.4 km 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.
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