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.
General Info
| MLS Listing ID: 10386799 | Bedrooms: 0 | Bathrooms: 0 | Year Built: 1973 |
| Parking: Stall | Heating: Baseboard heaters | Lotsize: 0.78 ac|under 1 acre | Air Conditioning : Wall unit |
| Home Style: N/A | Finished Floor Area: N/A | Fireplaces: Smoke Detector Only | Basement: N/A |
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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .