3803 32 Avenue, Vernon, British Columbia

$2,500,000

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Lot Acres

About 3803 32 Avenue

Opportunity knocks on 32nd Ave in Alexis Park, Vernon, BC! This prime development property boasts the potential for 125 multi-family units, priced at an unbeatable rate of under $20K per door—easily the best deal in the Okanagan. Perfect for 6 story wood frame construction. This is the most efficient building you can built right now. With two existing revenue-generating structures, a 5 unit and the other a 6 unit, bringing in approx. $100K annually, carry costs are offset, making it a dream to secure commercial financing. The large, flat lot is perfectly situated near public transit and next to a convenience store, offering unparalleled ease for future residents. Ideal for an MLI Select CMHC program, this is your chance to lock in high-ratio financing and 50-year money at below-market commercial rates. (id:6289)

Features of 3803 32 Avenue

MLS® # canada_23620
Price $2,500,000
Bathrooms 0.00
Acres 0.84
Year Built 1940
Type Multi-family
Sub-Type Freehold
Status Active

Community Information

Address 3803 32 Avenue
Subdivision Alexis Park
City Vernon
Province British Columbia
Zip Code V1T2N2

Amenities

Features Level lot

Additional Information

Date Listed December 19th, 2024

Listing Map

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