{"id":7697,"date":"2025-11-13T18:00:00","date_gmt":"2025-11-14T02:00:00","guid":{"rendered":"https:\/\/infonews.ca\/?p=7425425"},"modified":"2025-11-13T18:00:00","modified_gmt":"2025-11-14T02:00:00","slug":"1-5m-condos-in-kamloops-theyre-already-selling","status":"publish","type":"post","link":"https:\/\/infonews.ca\/inhome\/news\/7697\/1-5m-condos-in-kamloops-theyre-already-selling\/","title":{"rendered":"$1.5M condos in Kamloops? They’re already selling"},"content":{"rendered":"\n

The doors to the tallest condo building in Kamloops are nearly open as a massive downtown development nears its next milestone.<\/p>\n\n\n\n

Fewer than half of the units at the first City Gardens tower are still for sale and among them are two $1.5 million penthouse suites.<\/p>\n\n\n\n

At just over 1,500 square feet, the two suites are sub-penthouses at the 24-floor Trillium tower.<\/p>\n\n\n\n

Realtor Brendan Shaw leads sales for the Kelson Group project. He said the two suites, listed for $1.68 million<\/a> and $1.5 million<\/a> respectively, will be among the most expensive condo units sold in the city.<\/p>\n\n\n\n

“I think it’s pretty close,” he said. “I know there have been a couple sales over that million-dollar mark, but we have two sales over one-and-a-half million in that building already.”<\/p>\n\n\n\n

While the penthouse is reserved for the company’s owner, the luxury suites below it still offer “exclusivity” and “commanding views” of Kamloops those buyers might be looking for.<\/p>\n\n\n\n

Just over 40 per cent of the building is still for sale with smaller units range in price from $450,000 to $880,000. That’s not far off its sales record from more than two years ago when more than half of Trillium’s suites were sold in a single day in May 2022.<\/a><\/p>\n\n\n\n

Opening of the first tower, initially slated for this year, has been delayed to spring 2026. <\/p>\n\n\n\n

Among around 100 condo listings in the city, the median asking price in Kamloops is $570,000, according to Realtor.ca.<\/p>\n\n\n\n

Only one condo outside City Gardens listing crests just over a $1 million listing, with a 2,000-square-foot downtown suite at 370 Battle Street.<\/p>\n\n\n\n

As condo sales dropped by 35 per cent last month compared to a year earlier, Interior Realtors estimated the benchmark price at $367,700. That’s a small change from the benchmark price last year.<\/p>\n\n\n\n

As the post-COVID real estate market began to slow, Kelson Group shifted some of its City Garden project away from sales. While Trillium continues to be focused on owner-occupied units, its neighbouring tower will be a rental building.<\/p>\n\n\n\n

The surrounding townhouses eventually following the towers will also be rental builds.<\/p>\n\n\n\n

Company president Jason Fawcett said Trillium tower will soon be opened so prospective buyers can view the soon-to-be-finished project.<\/p>\n","protected":false},"excerpt":{"rendered":"

Completion of the first tower at City Gardens has been delayed a few months to the spring of 2026.<\/p>\n","protected":false},"author":426,"featured_media":7698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"","byline":"","published":"","updated":"","_infotelid":"","_prepressid":"","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1680,541,543],"tags":[],"region":[322,323,324,325],"class_list":["post-7697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/inhome\/news\/7697\/1-5m-condos-in-kamloops-theyre-already-selling\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$1.5M condos in Kamloops? They’re already selling","url":"http:\/\/infonews.ca\/inhome\/news\/7697\/1-5m-condos-in-kamloops-theyre-already-selling\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/inhome\/news\/7697\/1-5m-condos-in-kamloops-theyre-already-selling\/"},"thumbnailUrl":"https:\/\/infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/inhome-city-gardens.png?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/inhome-city-gardens.png"},"articleSection":"Featured","author":[{"@type":"Person","name":"Levi Landry"}],"creator":["Levi Landry"],"publisher":{"@type":"Organization","name":"iNhome","logo":""},"keywords":[],"dateCreated":"2025-11-14T02:00:00Z","datePublished":"2025-11-14T02:00:00Z","dateModified":"2025-11-14T02:00:00Z"},"rendered":"