Area: British Columbia
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Prime development site in Vernon’s rapidly growing core. Zoned CMUB, this property supports an 8-storey mixed-use development with flexibility for commercial and multifamily uses. Its central location delivers outstanding visibility and access, making it ideal for retail, office or residential projects. A secure tenant is in place, generating $42,351.00 in annual Net Operating Income (NOI), allowing the property to function as a strategic holding asset while plans are developed. This is a rare opportunity to secure a site offering both immediate revenue and long-term development potential in one of the Okanagan’s most active growth corridors. Please do not approach the tenant or staff regarding the sale. (id:44056)

Property Details

Full Address:
3503 32 Street, Vernon, British Columbia
Price:
$ 1,200,000
MLS Number:
10365281
List Date:
October 8th, 2025
Neighbourhood:
City of Vernon
Lot Size:
0.14 ac
Year Built:
1969
Taxes:
$ 1,609

Interior Features

Air Conditioning:
Central air conditioning
Heating:
Other

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Metal, Unknown
Exterior:
Concrete
Garage Spaces:
10
Ownership Type:
Freehold
Taxes:
$ 1,609

Floors

Finished Area:
1344 sq.ft.

Land

Lot Size:
0.14 ac
Current Use:
Mixed use

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Jody Wright Rennie & Associates Realty
 604-935-4680
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Listing Agent(s)

Listing: Jody Wright
Rennie & Associates Realty

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