$730,000

1961 Vernon Street, Lumby

Lumby Valley, Lumby, BC V0E2G0

1,300 sq ft · Single-family home

Listed by Fair Realty (Lumby)

About this property

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:67417)

Property details

Price

$730,000

MLS® number

10364385

Property type

Single-family home · Residential Commercial Mix · Other

Ownership

Freehold

Living area

1,300 sq ft

Lot size

0.21 acres · 0.21

Year built

1901

Parking spaces

8

Community

Lumby Valley, Lumby

Features

Heating

Forced air

Parking

Rear

Roof

Metal, Unknown

Water

Municipal water

Sewer

Municipal sewage system

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