2003 37 Avenue

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: class="container" id="details-container",799,000
• Interior size: 5,909 sqft
• Lot size: 0.49
• Year built: 1910
• Parking: 8
• Listing key: 29815111

Listing overview

Rare re-development acquisition opportunity for just under half an acre of multifamily zoned residential development land. New architect renderings for three (3) new development options for townhomes and multifamily apartments with expansive city & lake views. One of the few redevelopment sites ever offered on the East Hill in Vernon. Excellent location, close to town, this rectangular 120 by 182-foot, 0.49-acre, 21,344 SF site with 117 ft of frontage and multiple rear laneway access points. The Lands come improved with a 5,909 square foot, 2-storey, multifamily conversion apartment building that produces good holding income with a suite mix of Five (5) 1-bedroom suites and five (5) studios. The building produces an annual gross income of class="container" id="details-container"24,030.20 or class="container" id="details-container"0,335.85 monthly with more near-term tenant turnovers anticipated to create significant rental increases. The new MUS - Multi-unit: Sm...