Description
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:13843)
Details
| MLS # | 10386799 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1973 |
| Days On Site | 171 |
| Listing Provided By | Marcus & Millichap | James Blair |
Features
| Acreage | 0.78 |
|---|
Interior
| Cooling | Wall unit |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detector Only |
|---|
Parking
| Parking Features | Stall |
|---|---|
| Parking Total | 37 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 38369 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1T5G8 |
| Listing VS Median (in V1T5G8) | |
Price: $9,630,000 low | high Med: $0 On site: 171 low | high Med: | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1T5G8 |
| Listing VS Median (in V1T5G8) | |
Price: $9,630,000 low | high Med: $0 On site: 171 low | high Med: | |
Listing Updated: October 1, 2026 at 10:39:33 PM PDT