Positioned on a high-exposure corner in downtown Vernon’s city center, 3301 Coldstream Avenue offers an excellent mix of stable income, tenant diversity, and long-term upside. With total gross rents of $108,688, leases fully net to the landlord, and an implied cap rate at 5.75% this two-story concrete-block building totals approximately 8,804 sq ft and is configured with four main-floor commercial units and three second-floor office areas. The property has seen extensive upgrades in recent years—including interior and exterior paint, flooring, new drywall ceilings, spray foam insulation in the attic, updated electrical and HVAC (3 new units on the roof), roll shutters, improved signage, window film, awnings, and a security/camera system. The building boasts 600-amp 3-phase power and every unit has their own hydro meter. Most tenancies operate on a net basis with annual rent escalations. With CMUC mixed-use zoning allowing a broad range of commercial opportunities this is a compelling downtown Vernon investment for buyers seeking cash flow today and future redevelopment potential. (id:35966)
3301 Coldstream AvenueVernon, British Columbia, V1T1Y1
Listing Details
Property Details
- Full Address:
- 3301 Coldstream Avenue, Vernon, British Columbia
- Price:
- $ 1,890,000
- MLS Number:
- 10371807
- List Date:
- January 28th, 2026
- Neighbourhood:
- City of Vernon
- Year Built:
- 1975
- Taxes:
- $ 24,076
Interior Features
- Air Conditioning:
- Central air conditioning
- Heating:
- See remarks
Building Features
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Roof:
- Other, Unknown
- Exterior:
- Stucco
- Garage:
- Street
- Ownership Type:
- Freehold
- Taxes:
- $ 24,076
Floors
- Finished Area:
- 8804 sq.ft.
Land
Neighbourhood Features
- Amenities Nearby:
- High Traffic Area
Ratings
Commercial Info
Location
Neighbourhood Details
REALTOR® Details
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA" MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Multiple Listing Service (MLS) trademark® The MLS® mark and 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. ©2017 The Canadian Real Estate Association. All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.