Property for Sale in Vernon
3703 32nd Avenue, Vernon, BC
- 0 BEDS
- 0 BATHS
- 14,700 sq.ft. Home
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- Property for Sale in Vernon
Key Facts
- MLS® #: 10360627
- Property ID: SIRC2768968
- Property Type: Residential, Other
- Living Space: 14,700 sq.ft.
- Lot Size: 1.09 ac
- Year Built: 1957
- Parking Spaces: 21
- Listed By:
- Colliers
Property Description
Situated on over an acre of land, offering approximately 150-feet of prime frontage, Pioneer Villa is conveniently located within Vernon's City Centre. The subject property consists of three, one-story buildings, totaling 21 1-bedroom, units. Originally built in 1957, the western and northern buildings initially served as a motel, however, in the 1990's, the property was converted into rental housing which included the new construction of the eastern building. Two units have been updated in the last few years, lots of rental upside as units turnover. The property is zoned RH1 (Low Rise Apartment Residential) and has 21 parking stalls. $147,991 NOI and a 4.42% cap rate. Share sale and there is an assumable CMHC mortgage financing in place at 4.13% interest rate until June 2033.
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Location
3703 32nd Avenue, Vernon, British Columbia, V1T 2N2 Canada
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