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$640,000

Est. payment - /mo

2,273 SqFt

Active

740 Waddington DR #11 Vernon, BC V1T9E9

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Andrew Loewen

andrew@akloewen.ca +1(250) 801-6713

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,273 sqft

Price per Sqft $281

Subdivision Middleton Mountain Vernon

MLS® Listing ID 10340287

Condo Fees $656/mo

Year Built 1987

Source Association of Interior REALTORS®

Property Description

Why be tied up in a GIC when alternatively you could invest & hold a recently updated commercial real estate property with a 4.50% CAP RATE on Middleton Mountain Vernon! Great location in a very popular 12 unit commercial strata complex with 2273 sqft of space. Multiple access points from Waddington Drive and 11th Ave, including a dedicated back lane to the bay area. Plus, the light industrial zoning offers a multitude of future usage. Current lease in place until October 15, 2027 with optional dual 3-year term extensions. Call us today for more information on this next investment into your portfolio! (id:24570)

Location

Province BC

Zoning Unknown

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters, Overhead Heaters, , See remarks

Exterior

Parking Features No

View Y/N No

Roof Type Unknown

Total Parking Spaces 6

Private Pool No

Building

Lot Description Sloping

Sewer Municipal sewage system

Others

Virtual Tour https://youtu.be/ShTe1mxWEjA

Listed by RE/MAX Vernon Salt Fowler

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Andrew Loewen

Agent | License ID: 181959

+1(250) 801-6713

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740 Waddington DR #11 Vernon, BC V1T9E9

Andrew Loewen

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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740 Waddington DR #11