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  5. 3803 32 Avenue - MLS® #10330575

VERNON

Vernon is located in the Okanagan Valley in British Columbia, Canada. Vernon is a popular tourist destination because of its beautiful lakes, beaches, wineries, and outdoor recreational opportunities. Visitors can enjoy swimming, boating, and watersports on Okanagan Lake, which is surrounded by several beaches and parks. The city also has a vibrant downtown area with shops, restaurants, and several wineries offering tastings and tours. Outdoor enthusiasts can also enjoy hiking, biking nearby, and skiing at the Silver Star Mountain Resort.

Vernon also boasts a rich cultural scene with several museums, art galleries, and a performing arts center. The city also hosts several events and festivals throughout the year and offers scenic drives and beautiful views of the lake and mountains. Vernon is located in the Okanagan Valley in British Columbia, Canada. Known for its beautiful lake.

The real estate market in Vernon offers a mix of single-family homes, townhouses, and condos. Prices are relatively affordable compared to other major Canadian cities. The city also has a good mix of older and new homes; many properties feature stunning views of the surrounding mountains and Okanagan Lake. The town also boasts a good mix of amenities such as shops, restaurants, and schools. The city is also surrounded by many orchards and vineyards, giving the town a unique rural-urban balance. Outdoor enthusiasts can also enjoy hiking, biking nearby, and skiing at the Silver Star Mountain Resort.

$2,500,000
3803 32 Avenue - MLS® # 10330575

Description

Opportunity knocks on 32nd Ave in Alexis Park, Vernon, BC! This prime development property boasts the potential for 125 multi-family units, priced at an unbeatable rate of under $20K per door—easily the best deal in the Okanagan. Perfect for 6 story wood frame construction. This is the most efficient building you can built right now. With two existing revenue-generating structures, a 5 unit and the other a 6 unit, bringing in approx. $100K annually, carry costs are offset, making it a dream to secure commercial financing. The large, flat lot is perfectly situated near public transit and next to a convenience store, offering unparalleled ease for future residents. Ideal for an MLI Select CMHC program, this is your chance to lock in high-ratio financing and 50-year money at below-market commercial rates. (id:2469)

Features

Level lot

Amenities

Public Transit, Park, Recreation, Shopping

Listing Provided By

Vantage West Realty Inc.

Neighborhood Info

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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.

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Property Details

Living Area
0 sqft.
Bedrooms
N/A
Bathrooms
N/A
Lot Size Area
0.84 ac|under 1 acre
Taxes
N/A
Type
Multi-Family
Style
N/A
Basement
Year Built
1940
Real Estate Listing
Provided by:
  • 302 Eckhardt Ave w
  • Penticton, BC
  • V2A2A9

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.

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