Log In/Sign Up
Your email has been sent.
3604 30 Av 16 Unit Apartment Building $4,100,000 CAD ($256,250 CAD/Unit) 5.02% Cap Rate Vernon, BC V1T 2E4
Executive Summary
Great opportunity to purchase a 16 unit apartment building in downtown Vernon that was fully renovated in 2019-2020. All suites have newer bathrooms/kitchens new laminate flooring and cabinets. It is comprised of nine (9) 2 bedroom suites, six (6) 1 bedroom suites and one (1) studio. The property is zoned RH3 (High-rise apartment residential) allow for 65 units per acre with potential to increase to 79 units per acre. Building including 16 parking stalls.
Share sale an option and there is a assumable CMHC mortgage financing in place at 4.13% interest rate until 2033.
Share sale an option and there is a assumable CMHC mortgage financing in place at 4.13% interest rate until 2033.
Property Facts
| Price | $4,100,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $256,250 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 5.02% | Building Size | 16,084 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | RH3 | ||
| Price | $4,100,000 CAD |
| Price Per Unit | $256,250 CAD |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 16,084 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Zoning | RH3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 9 | - | - |
Walk Score®
Walker's Paradise (90)
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3604 30 Av
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.