Great Investment opportunity for future growth and appreciation. 12.88 Acres of land less than 10 minutes from downtown Vernon, in Coldstream, on the north side of Highway 6 just East of the Vernon/Coldstream City Boundary. This property has 2 Titles and provides great passive revenue for owners, and potential for capital appreciation in the future. Long-term tenant PRT (Pacific Regeneration Technologies Inc.)a forest seedling nursery, is a great, stable tenant, and has a long-term lease in place ( details available with a signed NDA). There are also 2 income-producing tenant-occupied homes one on each parcel of separately titled land. The tenants at 10003 Highway 6, are also stable long-term tenants, that rent month to month. The other home ( at 10091 Highway 6) is sub-leased to PRT for staff housing. If you are looking for a great investment or a great place to live in one of the homes, and have some passive income from the exisisting leases on the rest of the land & buildings, this could be the perfect property for you! Many uses are allowed on this ALR Land, including the current use as a tree nursery, but there may be room to be creative in this great accessible, high visibilty, location. (id:35966)
Listing Details
Property Details
- Full Address:
- 6 Highway, Vernon, British Columbia
- Price:
- $ 3,720,000
- MLS Number:
- 10312993
- List Date:
- May 9th, 2024
- Neighbourhood:
- City of Vernon
- Lot Size:
- 12.88 ac
- Taxes:
- $ 3,258
Interior Features
- Heating:
- Forced air, See remarks
Building Features
- Sewer:
- Septic tank
- Water:
- Government Managed
- Zoning:
- Unknown
- Ownership Type:
- Freehold
- Taxes:
- $ 3,258
Floors
Land
- Lot Size:
- 12.88 ac
- Current Use:
- Mixed use
Neighbourhood Features
- Amenities Nearby:
- Rural Setting
Ratings
Commercial Info
Location
Neighbourhood Details
REALTOR® Details
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