1961 Vernon Street

1,300 ft²

Live for Free in the Heart of Lumby! Discover an incredible investment opportunity with this 5-unit complex located in the vibrant heart of Lumby, North Okanagan. This commercially zoned property features 3 residential units and 2 commercial spaces. The current rental income is substantial enough to cover the mortgage, allowing the future owner to live in one of the suites for free. Each unit has been recently renovated, and major updates such as the furnace, hot water tank and exterior siding have been completed in recent years. This iconic and enduring building sits on a massive lot with commercial zoning, offering a variety of development options. Lots of Hwy traffic flow with plenty of extra parking in the back as well on street parking for additional customer parking if needed. Owner financing is available for the right buyer. Don't miss out on this unique opportunity to own a piece of Lumby's history while securing a profitable investment. (id:45055)

• Property Details

  MLS® Number	10364385
  Property Type	Other
  Neigbourhood	Lumby Valley
  ParkingSpaceTotal	8

• Building

  ConstructedDate	1901
  HeatingType	Forced Air
  RoofMaterial	Metal
  RoofStyle	Unknown
  SizeInterior	1,300 Ft2
  Type	Residential Commercial Mix
  UtilityWater	Municipal Water

  Rear

• Land

  Acreage	No
  CurrentUse	Mixed Use
  Sewer	Municipal Sewage System
  SizeIrregular	0.21
  SizeTotal	0.21 Ac|under 1 Acre
  SizeTotalText	0.21 Ac|under 1 Acre

• Rooms
• Utilities