3803 32 Avenue Vernon, BC V1T 2N2
Listing Courtesy of:  CREA / Vantage West Realty Inc.

  3803 32 Avenue Vernon, BC V1T 2N2

Active (33 Days)

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:41440)

MLS®:
10330575
Lot Size
0.84 acres
Type
Multifamily
Year Built
1940
County
North Okanagan

Listed By

Nick Hazzi, Vantage West Realty Inc.
Source
CREA
Last checked Jan 20 2025 at 1:04 PM GMT+0000
Bathroom Details
Lot Information
  • Level Lot
Heating and Cooling
  • No Heat
Utility Information
  • Sewer: Municipal Sewage System
Parking
  • Other
Location
   
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Disclaimer: REALTOR.CA 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. Listing Data Last Updated: 1/20/25 05:04