ARPA Investments’ construction crews have started work on the foundation of the parkade and the footings for Thompson Landing on Royal’s two buildings – Royal One and Royal Two, ARPA’s newest development which will help build community in the Royal Avenue neighbourhood of Kamloops’ North Shore.
With an eco-friendly design, the development will include environmentally sustainable principles, such as low-carbon production, smart technologies, and electric vehicle charging stations. The aesthetic aspects of Thompson Landing on Royal will feature timeless materials, such as brick, timber posts, and cedar shake.
This waterfront development possesses considerable value with its riverfront location, quality finishing and standard inclusions such as stainless-steel appliance packages and parking stall. With Thompson Landing on Royal currently under construction, we have a number of financing options available for purchasers, leaving less uncertainty for budget planning.
Brendan Shaw, REALTOR® and Managing Broker of Brendan Shaw Real Estate (BSRE) shared that a monthly mortgage payment may benefit buyers compared to a monthly rent payment, which continues to be on the rise due to the current low vacancy rental rates in Kamloops.
“Based on the latest report released by Canada Mortgage and Housing Corporation, we have observed some vacancy rates below 1% in Kamloops the last few years,” noted Shaw. “We’ve confirmed this by surveying a couple of property managers in our community who state their portfolios are experiencing 1% vacancy or less. Adding the current lack or supply in our marketplace, homeownership, in some cases, is more affordable than renting.”
A development like Thompson Landing on Royal ticks three primary real estate boxes: value, location, and lifestyle. These factors, over time, are most likely to increase in value under the right conditions, especially as Kamloops continues to grow.
The development’s nearby amenities are projected to also grow based on the framework of the North Shore Neighbourhood Plan. Future homeowners can expect an increase in businesses and recreational opportunities that resonate with the continued growth of the community, making the lifestyle of the neighbourhood even more desirable.
“The current inventory for condos and apartments remains limited, making Thompson Landing on Royal a rare find in today's market, especially with its direct access to the Thompson River,” noted Shaw, adding “This luxury waterfront property is on track to be a sound long-term investment.”
As the weather warms up, Kamloops becomes the destination spot for many travellers, and Thompson Landing on Royal has already caught the eye of interested buyers visiting from the Lower Mainland.
“With the Lower Mainland market starting to heat up, we’re already seeing a lot of interest from Lower Mainland residents looking at Thompson Landing on Royal,” said Shaw, adding, “In fact, within the last couple of weeks we just sold a top floor, one bedroom suite with spectacular views to a purchaser from the Lower Mainland.”
Residents of Thompson Landing on Royal will enjoy panoramic views of the Thompson River and be part of the welcoming community on Kamloops’ North Shore.
For more information on Thompson Landing on Royal, make an appointment and visit the Show Suite on 101 Oak Road. REALTORS® can assist in reviewing floor plans and suite options; and give a tour of the development site so buyers can get a feel for the quiet, family-oriented neighbourhood.
