3803 32 Avenue Unit# 3803, Vernon, British Columbia V1T2N2 is For Sale and has a listing price of 2,500,000. The property is located in the Vernon neighbourhood. It's been on the website for 19 Days.
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:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 12/18/2024 | 10330575 | $2,500,000 | For Sale | - | - |
| 12/16/2024 | 10329938 | $2,250,000 | For Sale | - | - |
