For Sale: Downtown Development Opportunity, 260 Victoria Street West, Kamloops

The view from above the site.

Drone photography taken over 260 Victoria Street West. Upper floors look across the confluence of the Thompson rivers to the North Shore and the mountains beyond.

Drone photo from above the site looking across the river confluence to the mountains — Drone photo taken above the site, looking across the confluence.

Drone photo over Victoria Street West to the river confluence and the North Shore — Looking north over the block to the confluence.

Artist's concept of a top-floor living room with floor-to-ceiling windows overlooking the river — Artist's concept, top-floor residence.

Artist's concept of a covered balcony overlooking the river valley — Artist's concept, upper-floor balcony.

A downtown site with a view that defines the city.

260 Victoria Street West is a 0.38-acre mixed-use development site at the west end of downtown Kamloops, looking over the confluence of the North and South Thompson rivers to the North Shore and the mountains beyond.

Drone photo with the 260 Victoria Street West site outlined between Victoria Street West and the rail line, with the river confluence and mountains beyond — Site outline is approximate. Confirm boundaries by legal survey.

River confluence outlook

Views across the river to the North Shore mountains.

Mid-rise potential

Up to six storeys, subject to City approval.

Tax incentive area

Up to 10 years' exemption on new improvements.

Central and connected

Downtown, steps from the Overlanders Bridge.

Serviced site

Municipal water and sewer; reported clean.

Flexible deal structure

Outright sale or partnership.

Property details

Address	260 Victoria Street WestKamloops, BC V2C 1A4
Asking price	$3,599,000
Site area	0.38 acresApproximately 16,550 sq ft
Development potential	Up to six storeysPer listing; confirm with the City of Kamloops
Property type	Commercial / Residential
Existing improvements	One building, currently vacant
Signage	Large pole sign on site, included
Traffic	Approx. 30,000 vehicles/dayVictoria Street West corridor, City of Kamloops (2019)
Services	Municipal water and sewer
Tax incentive	City Centre Revitalization Tax Exemption area
Adjacent	Active rail main lineSee due diligence
Offering	Outright sale or partnership development
MLS® number	10397041

Overhead drone photo of the site showing Victoria Street West in front and the rail line behind — The site from directly above: Victoria Street West in front, the rail main line behind.

One concept: practice below, residences above.

A six-storey mixed-use building pairing professional and medical space with premium river-view homes. Offered as an illustration; buyers and partners bring their own program.

Artist's concept of a mid-rise mixed-use building with timber-toned facade and street-level commercial — Artist's concept only. Height, massing and design subject to City of Kamloops approval.

Levels 3–6
ResidencesLarger homes oriented to the river and the western sky.
Level 2
Professional officesSpecialist, allied health, legal, accounting and advisory suites.
Ground
Clinic and street frontageMedical or dental clinic with direct street access.

Medical clinicDentalPhysiotherapySpecialist officesLegal and accountingResidential

Partnership opportunity.

The owner is actively interested in partnering on the development of this site, and open to creative structures that work for both sides.

Ways to partner

Joint ventureDevelop the site together, sharing the project and its returns.
Land as equityThe owner contributes the land as equity in the project.
Anchor occupant partnershipA clinic or professional group partners as anchor occupant or co-owner.
Your proposalOther structures are welcome. Bring the plan that fits your project.

Outright purchase is also available at $3,599,000.

Discuss a partnership Call 250-319-1088

Nothing but potential

The site is reported clear of contamination, so a buyer or partner can focus on design and approvals rather than remediation. Buyers should complete their own environmental review.

Where the rivers meet.

Kamloops takes its name from Tk'emlúps, the Secwepemc word for the place where the rivers meet. For thousands of years the confluence has been a gathering place. From this site, it is the view.

Up to10 yearsExemption from the municipal portion of property tax on the increased assessed value of new improvements.

City Centre Revitalization Tax Exemption

The site is within the area covered by Kamloops' City Centre Revitalization Tax Exemption program.

Owners who construct new buildings or substantially improve existing ones can apply for an exemption from the municipal portion of property tax on the increase in assessed value for ten years. Tax on the land continues to be paid.

For a project of this scale, the exemption makes carrying costs more predictable through lease-up and sell-out, and lowers the cost of ownership for buyers during the exemption period.

Eligibility is confirmed by the City at application. Review the current bylaw with the City of Kamloops and your advisors.

The setting.

Two rivers, open benchlands and long summer evenings at the centre of the Thompson valley.

Aerial view at sunset looking west over Kamloops and the Thompson River

Drone view along Victoria Street West toward the Overlanders Bridge and the river

Drone view along the river and rail corridor toward downtown and the mountains

Aerial view of the confluence and the Overlanders Bridge

Drone view of Victoria Street West, the rail line and the riverbank

Golden evening light on the hills above Kamloops

Downtown Kamloops and the river seen from the North Shore hillside

Due diligence.

This is a development opportunity. Buyers and partners complete their own investigations, starting with the items below.

Zoning and approvalsPermitted height, density and uses, and development permit requirements.
Rail corridorThe site adjoins an active main line. Setback, safety, noise and vibration requirements are set by the City with railway input.
Tax exemptionRevitalization Tax Exemption eligibility for the specific building proposed.
EnvironmentalIndependent environmental review to confirm site condition.
Geotechnical and floodplainSoil conditions and floodplain considerations near the river.
Survey and viewsLegal survey of boundaries, and view corridors confirmed by drone at each floor level.