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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.
Highlights
- Six-unit building with five one-bedroom suites and one bachelor suite, which the listing says are fully rented.
- Per the listing, projected 2026 rental income is $6,164 per month ($73,968 per year).
- Per the listing, zoning is CMUB (Commercial Mixed Use: Business), which allows many uses.
- Not in the City's flood or wildfire hazard permit areas.
- Town centre is about 580 m away and Vernon Civic Arena about 130 m away.
Things to check
- Ask for current rent rolls and tenancy agreements, since the $73,968 yearly figure is a projection.
- Ask whether all six suites are legally permitted and whether the required permits are in place.
- Built in 1950. Ask for the ages of the roof, furnace, and electrical and plumbing systems.
- The City has a development application on file within about 400 m. See City of Vernon map facts for details.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Did you know?: Kalamalka Lake, one of Vernon’s main water sources, is hard water, so many Vernon homeowners use a water softener. Vernon area questions, answered →
Overall neighbourhood score 8.5 / 10; walk & bike score 7.8 / 10, from how close the nearest school, park or trail, rec centre and town centre are. Scores and distances are Sean Phillips’s own straight-line measures from this home to public B.C. map data. They are not part of the MLS® listing; driving distances are longer, so please check anything that matters to you.
- Price
- $945,000
- MLS® number
- 10393562
- Property type
- Commercial · multi-family
- Ownership
- Freehold
- Living area
- 2,500 sq ft
- Lot size
- 0.15 acres
- Year built
- 1950
- Storeys
- 2
- Parking spaces
- 6
- Annual taxes
- $5,260
- Community
- City of Vernon, Vernon
- Heating
- Forced air
- Parking
- Offset, Rear
- View
- City view, View (panoramic)
- Fireplace
- Free Standing Metal
- Flooring
- Laminate
- Roof
- Asphalt shingle
- Exterior
- Vinyl siding
- Appliances
- Refrigerator, Range - Electric
- Lot features
- Level lot
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Parking details
- 6 spaces in total · Offset, Rear
From the City of Vernon’s public maps, checked October 26, 2026. Not part of the MLS® listing. Please confirm anything important with the City.
- 3500 32 ST: To facilitate a mixed-use development (5 storey apartment building with ground floor commercial units). Application
- 3700 27 ST: To vary the following sections of Sign Bylaw 4489 to facilitate a sign on three sides of the building as follows: - Section A. Fascia Signs, 1. Site Area from 14.0m2 to 82.4m2, for the cumulative area on the North, East and South side of the exterior wall on the commercial area. Application
- 2804 35 AVE: To allow the temporary use of a standalone parking facility (surface parking lot) in the CMUB zone. Application
A nearby fire hall matters for home insurance and emergencies; firefighters are often first on scene for medical calls too.
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Listing information is provided by RE/MAX Vernon through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-22.