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:67517)
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Property Details
MLS® Number 10386799 Property Type Multi-family Neigbourhood City of Vernon CommunityFeatures Pets Allowed With Restrictions ParkingSpaceTotal 37 -
Building
ConstructedDate 1973 CoolingType Wall Unit FireProtection Smoke Detector Only HeatingType Baseboard Heaters Type Multi-family UtilityWater Municipal Water Stall -
Land
Acreage No Sewer Municipal Sewage System SizeIrregular 0.78 SizeTotal 0.78 Ac|under 1 Acre SizeTotalText 0.78 Ac|under 1 Acre -
Rooms
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Utilities
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May 08 2026 11:29:24
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