1604 31 Street
Vernon, British Columbia
MLS® 10386799
$9,630,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 10386799
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1973
1 / 2Listing 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.
Property summary
- MLS® number
- 10386799
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 0.78 acres
- Built in
- 1973
- Annual property taxes
- $38,369.00
- Parking
- 37 spaces · Stall
- Days on market
- 115 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- Wall unit
- Community features
- Pets Allowed With Restrictions
What would this home cost you?
Based on the $9,630,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Marcus & Millichap, Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.