3803 32 Avenue Vernon, British Columbia V1T 2N2
$2,500,000
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:58444)
Property Details
| MLS® Number | 10330575 |
| Property Type | Multi-family |
| Neigbourhood | Alexis Park |
| Amenities Near By | Public Transit, Park, Recreation, Shopping |
| Features | Level Lot |
Building
| Constructed Date | 1940 |
| Heating Type | No Heat |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Other |
Land
| Access Type | Easy Access |
| Acreage | No |
| Land Amenities | Public Transit, Park, Recreation, Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.84 |
| Size Total | 0.84 Ac|under 1 Acre |
| Size Total Text | 0.84 Ac|under 1 Acre |
| Zoning Type | Unknown |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
| Sewer | Available |
| Water | Available |
https://www.realtor.ca/real-estate/27745874/3803-32-avenue-vernon-alexis-park
Contact Us
Contact us for more information
Nick Hazzi
Personal Real Estate Corporation
100 - 1060 Manhattan Drive
Kelowna, British Columbia V1Y 9X9
(250) 717-3133
(250) 717-3193
Brad Pollard
100 - 1060 Manhattan Drive
Kelowna, British Columbia V1Y 9X9
(250) 717-3133
(250) 717-3193
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 The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 24 2025 03:35:36
Association of Interior REALTORS®
Vantage West Realty Inc.