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:58444)
Property Details
| MLS® Number | 10340287 |
| Property Type | Industrial |
| Neigbourhood | Middleton Mountain Vernon |
| Features | Corner Site, Irregular Lot Size, Sloping |
| ParkingSpaceTotal | 6 |
Building
| ConstructedDate | 1987 |
| ExteriorFinish | Concrete Block |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters, Overhead Heaters, See Remarks |
| RoofMaterial | Unknown |
| RoofStyle | Unknown |
| SizeInterior | 2273 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Land
| AccessType | Easy Access |
| Acreage | No |
| CurrentUse | Industrial |
| LandscapeFeatures | Sloping |
| Sewer | Municipal Sewage System |
| SizeTotalText | Under 1 Acre |
| ZoningType | Unknown |
Interested?
Contact us for more information
Lisa Salt
5603 27th Street
Vernon, British Columbia V1T 8Z5
Gord Heighton
5603 27th Street
Vernon, British Columbia V1T 8Z5
Gordon Fowler
Personal Real Estate Corporation
5603 27th Street
Vernon, British Columbia V1T 8Z5
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March 27 2025 09:59:11
Okanagan-Mainline Real Estate Board
RE/MAX Vernon Salt Fowler