Skip to content
Renanza Realty
For sale

3710-3712 24 Avenue

Vernon, British Columbia

MLS® 10386053

$2,250,000

Status
Active
Property type
Multi-family
MLS® number
10386053
Bedrooms
Bathrooms
Year built
1997

Listing description

Investors. How interested would you be in an investment 2 bedroom townhome for only $164,300? How about 14 of them, all at $164,300?

14 separately titled strata townhome properties in 2 separate twin buildings of 7 units each offered as one package. Each unit is currently rented with monthly rents between $800. 00 and $1600.

00. Each building consists of 4 near identical 2 bedroom and 1 bath 712 sq ft ground floor units and 3 upper level 2 bedroom 1 bath units averaging approximately 820 sq ft for approx. 5300 sq ft of living area per building.

Good location, on the bus route and convenient to all that Vernon has to offer. Property is flat, fully usable and has a creek at the rear. Note not a foreclosure but a court ordered sale and priced to go.

This property needs work but huge upside potential for someone to inject some capital and invest some time and sweat equity. Great for a solo investor, a group of friends or like minded partners, or a charity or non profit organization looking for multiple properties in 1 location. The present Vernon vacancy and rental market is quite healthy and still is a bit of a ""landlord's market"".

Please note at this time the offering is only for all 14 units as 1 package. Call or visit our web page for more info, a full package or to book a viewing.

Property summary

MLS® number
10386053
Property type
Multi-family
Building type
Multi-Family
Title
Condo/Strata
Land size
0.54 acres
Built in
1997
Annual property taxes
$18,746.00
Days on market
113 days

Features & details

Heating
Baseboard heaters, Electric
Flooring
Mixed Flooring
Exterior features
Vinyl siding, Aluminum
Lot features
Balcony
Community features
Rentals Allowed
View
City view, Mountain view, View of water
Waterfront
Waterfront on creek
Strata fee
$3,517.87 / Monthly

What would this home cost you?

Based on the $2,250,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$10,469 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX Vernon, Vernon.

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.