740 Waddington Drive Unit# 11 Vernon, British Columbia V1T 9E9
$640,000Maintenance,
$656.34 Monthly
Maintenance,
$656.34 MonthlyWhy 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:27818)
Property Details
| MLS® Number | 10340287 |
| Property Type | Industrial |
| Neigbourhood | Middleton Mountain Vernon |
| Features | Corner Site, Irregular Lot Size, Sloping |
| Parking Space Total | 6 |
Building
| Constructed Date | 1987 |
| Exterior Finish | Concrete Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Overhead Heaters, See Remarks |
| Roof Material | Unknown |
| Roof Style | Unknown |
| Size Interior | 2273 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access |
| Acreage | No |
| Current Use | Industrial |
| Landscape Features | Sloping |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1 Acre |
| Zoning Type | Unknown |
Interested?
Contact us for more information
Lisa Salt
www.saltfowler.com/
https://www.facebook.com/vernonrealestate
www.linkedin.com/in/lisasalt
https://twitter.com/lisasalt
https://instagram.com/salt.fowler
5603 27th Street
Vernon, British Columbia V1T 8Z5
(250) 549-4161
https://saltfowler.com/
Gord Heighton
5603 27th Street
Vernon, British Columbia V1T 8Z5
(250) 549-4161
https://saltfowler.com/
Gordon Fowler
Personal Real Estate Corporation
www.saltfowler.com/
5603 27th Street
Vernon, British Columbia V1T 8Z5
(250) 549-4161
https://saltfowler.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 24 2025 03:13:18
Okanagan-Mainline Real Estate Board
RE/MAX Vernon Salt Fowler