For Sale · Specialty

3101 45th Avenue Unit# 10, Vernon

3101 45th Avenue Unit# 10, Vernon, BC V1T3N7

$1.2M total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

92%

About this property

The ultimate home for your prized collection! Fully finished and showing like new, Unit #10 at The Vaults Vernon offers approx. 2,422 sq. ft. of luxury storage and lifestyle space across three levels. Over $500,000 invested in improvements, furnishings and entertainment upgrades creates an exceptional setting for cars, motorcycles, boats and recreational toys. The main floor features epoxy flooring, custom automotive emblems, extensive storage, closets and a stylish 3-piece washroom. An intermediate mezzanine provides a beautifully finished private retreat, while the upper mezzanine overlooks your collection and delivers an impressive lounge with gas fireplace, custom kitchen/bar, island seating and a 2-piece washroom. Premium finishes include custom cabinetry, Dekton countertops, designer lighting and illuminated stair handrails. An Invisacook induction cooktop, wine and beverage refrigeration, refrigerator drawers, dishwasher and ice maker make entertaining effortless. TVs, stereo and camera systems, appliances and integrated equipment are included. Enjoy the comfort of upgraded HVAC and the convenience of overhead loading access. The Vaults combines privacy and security with a concrete perimeter, enclosed units, 24/7 owner-only access, fire suppression and CO detection. Conveniently located for access to Lake Country and Kelowna, this is a standout opportunity to showcase your collection and enjoy a sophisticated personal retreat. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$76K

Annual cash flow

$10K

Cash-on-cash

2.70%

DSCR

1.15

Going-in cap

6.35%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

138,178

Households

64,462

Median income

$65,000

Median age

40.2

Daytime population

214,275

5-yr growth

6.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 3101 45th Avenue Unit# 10, Vernon.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.