Live for Free in the Heart of Lumby! Discover an incredible investment opportunity with this 5-unit complex located in the vibrant heart of Lumby, North Okanagan. This commercially zoned property features 3 residential units and 2 commercial spaces. The current rental income is substantial enough to cover the mortgage, allowing the future owner to live in one of the suites for free. Each unit has been recently renovated, and major updates such as the furnace, hot water tank and exterior siding have been completed in recent years. This iconic and enduring building sits on a massive lot with commercial zoning, offering a variety of development options. Lots of Hwy traffic flow with plenty of extra parking in the back as well on street parking for additional customer parking if needed. Owner financing is available for the right buyer. Don't miss out on this unique opportunity to own a piece of Lumby's history while securing a profitable investment. (id:44056)

Property Details

Full Address:
1961 Vernon Street, Lumby, British Columbia
Price:
$ 730,000
MLS Number:
10364385
List Date:
October 1st, 2025
Neighbourhood:
Lumby Valley
Lot Size:
0.21 ac
Year Built:
1901

Interior Features

Heating:
Forced air

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Metal, Unknown
Garage:
Rear
Garage Spaces:
8
Ownership Type:
Freehold

Floors

Finished Area:
1300 sq.ft.

Land

Lot Size:
0.21 ac
Current Use:
Mixed use

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

Mortgage Calculator

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Listing Agent(s)

Listing: Stephanie Sexsmith
Fair Realty (Lumby)

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