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:35966)
1604 31 StreetVernon, British Columbia, V1T5G8
Listing Details
Property Details
- Full Address:
- 1604 31 Street, Vernon, British Columbia
- Price:
- $ 9,630,000
- MLS Number:
- 10386799
- List Date:
- May 8th, 2026
- Neighbourhood:
- City of Vernon
- Lot Size:
- 0.78 ac
- Year Built:
- 1973
- Taxes:
- $ 38,369
Interior Features
- Air Conditioning:
- Wall unit
- Heating:
- Baseboard heaters
Building Features
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Garage:
- Stall
- Garage Spaces:
- 37
- Ownership Type:
- Freehold
- Taxes:
- $ 38,369
Floors
Land
- Lot Size:
- 0.78 ac
Neighbourhood Features
- Amenities Nearby:
- Pets Allowed With Restrictions
Ratings
Commercial Info
Location
Neighbourhood Details
REALTOR® Details
Agent: James Blair
Office: Marcus & Millichap
Data provided by: Association of Interior REALTORS®
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