1604 31 Street, Vernon, BC V1T5G8
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1604 31 Street, Vernon, BC V1T5G8
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Brandon Grass

Brandon Grass

+1(250) 212-5672
$ 9,630,000
Est. payment /mo
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Active

1604 31 Street Vernon, BC V1T5G8

0.78 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision City Of Vernon

MLS® Listing ID 10386799

Year Built 1973

Lot Size 0.780 Acres

Acres 0.78

Property Sub-Type Freehold

Property Description

Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (2020), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters

Cooling Wall unit

Exterior

Parking Features No

Community Features Pets Allowed With Restrictions

View Y/N No

Attached Garage No

Total Parking Spaces 37

Garage No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Freehold

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1604 31 Street