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$1,890,000
British Columbia,Vernon
For Sale Active
3301 Coldstream Avenue, Vernon, British Columbia V1T1Y1
  • 8,804 Sqft
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Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 10371807
  • Price: $1,890,000
  • Square Footage: 8,804 Sqft
  • Year Built: 1975
  • Status: Active
  • Office Name: RE/MAX Vernon
  • Property Sub Type: Business
  • Roof:
  • Office Key: 47783
Features & Appliances
Features
  • Heating System: See remarks
  • Cooling System: Central air conditioning
  • Parking: Street
  • Exterior Features: Stucco
  • Sewer: Municipal sewage system
  • Utilities: Water, Natural Gas, Electricity, Sewer, Cable, Telephone
Address Map
  • Location: CA, British Columbia, Vernon, V1T1Y1
  • Street: Coldstream
  • Street Number: 3301
  • Street Suffix: Avenue
  • Longitude: W120° 43' 28.8''
  • Latitude: N50° 15' 47.7''
Additional Information
  • Water Source:
  • Community Features:
  • Lot Features:
Financial
  • Association Fee Frequency: Monthly
  • Tax Annual Amount: 24076
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Listing updated: 2026-03-05 00:00:07
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Listing Information
  • List Agent Key: 1973522
  • List Office Key: 47783
  • Modification Timestamp: 2026-01-28T20:01:00Z
  • Originating System Name: Association of Interior REALTORS®
  • Status Change Timestamp: 2026-01-28T19:49:50Z
Powered by REALTOR.ca
Listing updated: 2026-03-05 00:00:07
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