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For Sale · Specialty

3605 31 Street, Vernon

3605 31 Street, Vernon, BC V1T5J4

$2.6M 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

83%

About this property

Excellent investment opportunity at 3605 31st Street in the heart of Vernon. Well-maintained commercial property featuring 6 established rental units with a strong tenant mix and excellent street exposure. Built in 1996, the building has seen significant recent upgrades including 8 new rooftop HVAC units and fresh exterior/interior paint, new carpet and flooring in the common areas, offering a turnkey asset for investors. Ample parking with convenient rear alley access plus customer use of approximately 20 parking stalls directly in front of the building. Elevator services all three floors plus basement storage area. High-visibility location with steady foot traffic and strong surrounding commercial presence makes this an ideal long-term holding property in a growing market. Current tenants include Medicine Shoppe Pharmacy , Ok Ped , Last Frontier Heli Ski, Doctors Office, and Keystone Property Management. Professionally managed with Coldwell Banker Executives. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.58M
Down payment30% · $773K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$163K

Annual cash flow

$20K

Cash-on-cash

2.65%

DSCR

1.14

Going-in cap

6.34%

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

98,289

Households

34,784

Median income

$121,500

Median age

32

Daytime population

86,774

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 3605 31 Street, 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.