Great investment opportunity in Downtown Vernon! Central location right near Civic Memorial Park, and the Vernon Tourism Office. A nicely renovated 6-Plex which includes 5 x 1 Bedroom Suites, as well as 1 Bachelor suite. Fully rented with great tenants, ( 2026 projected rental Income ) $6,164 total per month ($73,968 per year) , of rental income. Easy to manage building, with the location & affordability, the suites rent quickly when available. Coin Operated Laundry Room. Many upgrades include paint, flooring, and 2 fireplaces. Zoning CMUB ( Commercial Mixed Use Buisness) allows for many uses see supplements for list of permitted uses. (id:60457)

Date	Status	Price	Change
2024-Dec-14	Listed	$1,250,000	-2.0%
2024-Nov-27	Price Change	$1,275,000	-1.8%
2024-Oct-31	Listed	$1,299,000	-
R2847392 - Royal LePage West Real Estate Services
2023-Aug-21	Sold	$1,150,000	-2.1%
2023-Aug-09	Price Change	$1,175,000	-2.0%
2023-Jul-14	Listed	$1,199,000	-
R2798456 - Sutton Group West Coast Realty
2022-Mar-17	Sold	$985,000	-1.4%
2022-Mar-04	Listed	$999,000	-
R2654321 - RE/MAX Crest Realty
2021-Sep-11	Sold	$825,000	-2.8%
2021-Aug-27	Listed	$849,000	-
R2587123 - Century 21 In Town Realty

Date	Status	Price	Change

Rate

Provider

Payment

3.79%

Coast Capital

$3,709

4.09%

Manulife

$3,845

4.19%

CIBC

$3,890

4.39%

National Bank

$3,982

4.49%

BMO

$4,029

4.59%

RBC

$4,075

4.59%

$4,075

4.84%

CWB

$4,193

5.59%

Community Trust

$4,555

Date	Status	Price	Change
2024-Dec-14	Listed	$1,250,000	-2.0%
2024-Nov-27	Price Change	$1,275,000	-1.8%
2024-Oct-31	Listed	$1,299,000	-
R2847392 - Royal LePage West Real Estate Services
2023-Aug-21	Sold	$1,150,000	-2.1%
2023-Aug-09	Price Change	$1,175,000	-2.0%
2023-Jul-14	Listed	$1,199,000	-
R2798456 - Sutton Group West Coast Realty
2022-Mar-17	Sold	$985,000	-1.4%
2022-Mar-04	Listed	$999,000	-
R2654321 - RE/MAX Crest Realty
2021-Sep-11	Sold	$825,000	-2.8%
2021-Aug-27	Listed	$849,000	-
R2587123 - Century 21 In Town Realty

Pricing
Asking Price	$999,900
Price per Floor SqFt	$400
Taxes & Fees
Property Taxes

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Year	Land	Impr.	Total	YoY%
2026	$323,000	$577,000	$900,000	+6.9%
2025	$323,000	$519,000	$842,000	+0.4%
2024	$349,000	$490,000	$839,000	+4.7%
2023	$297,000	$504,000	$801,000	+5.7%
2022	$279,000	$479,000	$758,000	+32.7%
2021	$272,000	$299,000	$571,000	+2.3%
2020	$265,000	$293,000	$558,000	-

Year	Land	Impr.	Total	YoY%	Taxes

Year	Land	Impr.	Total	YoY%
2026	$323,000	$577,000	$900,000	+6.9%
2025	$323,000	$519,000	$842,000	+0.4%
2024	$349,000	$490,000	$839,000	+4.7%
2023	$297,000	$504,000	$801,000	+5.7%
2022	$279,000	$479,000	$758,000	+32.7%
2021	$272,000	$299,000	$571,000	+2.3%
2020	$265,000	$293,000	$558,000	-

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3601 31 Street, Vernon, BC V1T 5J4

3601 31 Street, Vernon, BC V1T 5J4

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Borhan Farjoo

Borhan Farjoo

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