Presented by Robert J. Iio Personal Real Estate Corporation — Team 110 RE/MAX Real Estate (Kamloops).
3301 Coldstream Avenue Vernon, British Columbia V1T 1Y1
$1,890,000
Positioned on a high-exposure corner in downtown Vernon’s city center, 3301 Coldstream Avenue offers an excellent mix of stable income, tenant diversity, and long-term upside. With total gross rents of $108,688, leases fully net to the landlord, and an implied cap rate at 5.75% this two-story concrete-block building totals approximately 8,804 sq ft and is configured with four main-floor commercial units and three second-floor office areas. The property has seen extensive upgrades in recent years—including interior and exterior paint, flooring, new drywall ceilings, spray foam insulation in the attic, updated electrical and HVAC (3 new units on the roof), roll shutters, improved signage, window film, awnings, and a security/camera system. The building boasts 600-amp 3-phase power and every unit has their own hydro meter. Most tenancies operate on a net basis with annual rent escalations. With CMUC mixed-use zoning allowing a broad range of commercial opportunities this is a compelling downtown Vernon investment for buyers seeking cash flow today and future redevelopment potential. (id:61048)
Property Details
| MLS® Number | 10371807 |
| Property Type | Business |
| Neigbourhood | City of Vernon |
| Amenities Near By | Public Transit, Recreation, Schools, Shopping |
| Community Features | High Traffic Area |
| Features | Level Lot, Corner Site |
Building
| Constructed Date | 1975 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Stucco |
| Heating Type | See Remarks |
| Roof Material | Other |
| Roof Style | Unknown |
| Size Interior | 8,804 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Street |
Land
| Access Type | Easy Access, Highway Access |
| Acreage | No |
| Land Amenities | Public Transit, Recreation, Schools, Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Frontage | 100 Ft |
| Size Total Text | Under 1 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
| Sewer | Available |
| Water | Available |
https://www.realtor.ca/real-estate/29298099/3301-coldstream-avenue-vernon-city-of-vernon
Contact Us
Contact us for more information
Robin Baycroft
Personal Real Estate Corporation
robinbaycroft.com/
5603 27th Street
Vernon, British Columbia V1T 8Z5
(250) 549-4161
(250) 549-7007
www.remaxvernon.com/
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January 28 2026 07:49:50
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