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3105 Coldstream Av 10,381 SF 100% Leased Flex Building Vernon, BC V1T 1X8 $2,400,000 CAD ($231.19 CAD/SF)
Executive Summary
Government anchored owner/user or value-add investment opportunity. The Subject Property comprises of a 10,381 square foot two-storey commercial building anchored by Interior Health Authority, a provincial health authority and government backed tenant occupying approximately 40% of the building through March 30, 2030. The balance of the building consists of ground floor retail and second floor office/ event space, with 2,020 square feet of retail and 1,850 square feet of office/event space currently available, presenting investors with immediate value-add potential through lease-up of the remaining available area. The site is designated Mixed-Use High Density Commercial and Residential under the City of Vernon's Official Community Plan, with existing CMUC zoning permitting a broad range of commercial and residential uses, building heights of up to 16-storeys, and a maximum floor space ratio of 5.0. This positions the Subject Property as a strong covered land play - offering investors the security of a creditworthy anchor tenancy in the near term while preserving meaningful optionality for high-density mixed-use redevelopment as Vernon's downtown continues to evolve. Please reach out out for more information.
Property Facts
| Price | $2,400,000 CAD | Rentable Building Area | 10,381 SF |
| Price Per SF | $231.19 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1960 |
| Property Type | Flex |
| Price | $2,400,000 CAD |
| Price Per SF | $231.19 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Rentable Building Area | 10,381 SF |
| No. Stories | 2 |
| Year Built | 1960 |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
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3105 Coldstream Av
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