As the City Gardens project takes shape in the Downtown Kamloops core, anticipation and excitement reinvigorate the real estate market. This visionary development will address the housing shortage in the city and provide an unparalleled chance for prospective purchasers to invest in property.
We spoke with the project’s REALTOR®, Brendan Shaw, to learn more about the investment potential of long-term rentals at City Gardens and the benefits of generating passive income using a historically well-performing strategy like real estate investment that demonstrates resilience even amidst economic uncertainties.
Trillium, the luxury 24-storey residential tower, will be the first building at City Gardens, featuring sub-penthouses, studios, and spacious one and two-bedroom suites. Besides providing residents with breathtaking views of Downtown Kamloops and spacious modern designs, the great thing about this one-of-a-kind building is that all units are available for long-term rentals, allowing prospective buyers to rent out their suite. This, as Shaw explains, is an excellent investment opportunity that few developments in Kamloops currently offer.
“The benefit of having one of these units as a long-term rental is that people can get a healthy return on their investment,” comments Shaw, adding that there are multiple property managers that could take on individual investment properties like these to make the process as hands-off as possible, especially for first-time home buyers.
Shaw hopes this will help fill the void in the current housing market and benefit Kamloops as a whole.
“By investing in long-term rentals at City Gardens, you can benefit from a steady real estate market in a sought-after location and contribute to the city’s growing demand for housing.”
Whether you’ve been investing for a long time and are looking to diversify your holdings or you’re a first-time buyer eager to purchase an investment property, this is a great opportunity to capitalize on the enduring value of real estate.
Discover the potential of Trillium at City Gardens and secure a place within this visionary development in the heart of Downtown Kamloops.
Be sure to stop into the City Gardens Sales Centre and Show Suite at 238 4th Avenue, open Thursday to Sunday 11am – 3pm or anytime by appointment.
For more information on purchasing a unit as an investment, contact us at 778-644-5434 or through email at citygardens@kelsongroup.com
