Homes Like This One
Picked for a similar area, home type, price, bedrooms and size.
Excellent investment opportunity at 3605 31st Street in the heart of Vernon. Well-maintained commercial property featuring 6 established rental units with a strong tenant mix and excellent street exposure. Built in 1996, the building has seen significant recent upgrades including 8 new rooftop HVAC units and fresh exterior/interior paint, new carpet and flooring in the common areas, offering a turnkey asset for investors. Ample parking with convenient rear alley access plus customer use of approximately 20 parking stalls directly in front of the building. Elevator services all three floors plus basement storage area. High-visibility location with steady foot traffic and strong surrounding commercial presence makes this an ideal long-term holding property in a growing market. Current tenants include Medicine Shoppe Pharmacy , Ok Ped , Last Frontier Heli Ski, Doctors Office, and Keystone Property Management. Professionally managed with Coldwell Banker Executives.
Updates mentioned by the listing
- Furnace / HVACUpdated 1996“Built in 1996, the building has seen significant recent upgrades including 8 new rooftop HVAC units and fresh exterior/interior paint, new carpet and flooring i”
- FlooringUpdated 1996“Built in 1996, the building has seen significant recent upgrades including 8 new rooftop HVAC units and fresh exterior/interior paint, new carpet and flooring i”
From the listing description. Ask Sean to confirm ages and receipts before you write an offer.
Highlights
- Per the listing, the building has 6 established rental units, with current tenants including a pharmacy, a medical office and a property manager.
- Per the listing, an elevator serves all three floors and the basement storage area.
- Per the listing, about 20 customer parking stalls sit in front of the building, with rear alley access.
- Per the listing, 8 rooftop HVAC units were recently installed, and the interior and exterior were repainted.
- The property is zoned Commercial Mixed Use: Business (CMUB) and is not in a City flood or wildfire hazard permit area.
Things to check
- The listing shows the roof as "Other" and the building dates from 1996. Ask for the roof type, age and any repair history.
- Ask for current leases, rent roll and expense records, since the listing does not show the rental income.
- 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.
Insider tip: Alberta has no land transfer tax, but B.C. charges property transfer tax when the title registers in your name. Buying a home in B.C. when you’re moving from out of province →
Overall neighbourhood score 8.6 / 10; walk & bike score 7.7 / 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.
- Grocery storeFreshCo · 0.9 km11 min each way10 m uphill coming home · 0% tree shade
- CoffeeStarbucks · 0.1 km2 min each wayMostly flat
- Elementary schoolBeairsto Elementary School · 0.4 kmSchool walk check: Footpaths, sidewalks or quiet streets nearly all the way · 1 main-road crossing: 30 Street (traffic signal)5 min each wayMostly flat · 0% tree shade
- Park or playgroundCivic Memorial Park · 0.1 km2 min each wayMostly flat
- Beach / lake accessKal Beach · 4.6 km56 min there, 55 min home55 m uphill on the way there · 16% tree shade
- DowntownDowntown Vernon · 0.2 km3 min each wayMostly flat
- Rail trailOkanagan Rail Trail · 4.5 km56 min each way70 m uphill on the way there · 15% tree shade
- HospitalVernon Jubilee Hospital · 1.6 km20 min there, 19 min home30 m uphill on the way there · 0% tree shade
- GolfVernon Golf Club · 2.5 km30 min each way25 m uphill coming home · 7% tree shade
- Grocery storeFreshCo · 0.9 km4 min there, 6 min home15 m uphill coming home · 0% tree shade
- CoffeeStarbucks · 0.2 km2 min each wayMostly flat
- Elementary schoolBeairsto Elementary School · 0.4 km3 min each wayMostly flat · 0% tree shade
- Park or playgroundCivic Memorial Park · right next door2 min each wayMostly flat
- Beach / lake accessKal Beach · 4.6 km21 min there, 20 min home55 m uphill on the way there · 17% tree shade
- DowntownDowntown Vernon · 0.2 km2 min there, 3 min homeMostly flat
- Rail trailOkanagan Rail Trail · 4.6 km21 min each way70 m uphill on the way there · 16% tree shade
- HospitalVernon Jubilee Hospital · 1.6 km9 min there, 8 min home30 m uphill on the way there · 1% tree shade
- GolfVernon Golf Club · 2.5 km12 min each way25 m uphill coming home · 7% tree shade
- Grocery storeFreshCo · 0.9 km4 min each way15 m uphill coming home · 0% tree shade
- CoffeeStarbucks · 0.2 km2 min each wayMostly flat
- Elementary schoolBeairsto Elementary School · 0.4 km3 min each wayMostly flat · 9% tree shade
- Park or playgroundCivic Memorial Park · right next door2 min each wayMostly flat
- Beach / lake accessKal Beach · 4.6 km14 min each way55 m uphill on the way there · 16% tree shade
- DowntownDowntown Vernon · 0.2 km2 min each wayMostly flat
- Rail trailOkanagan Rail Trail · 4.6 km14 min each way70 m uphill on the way there · 15% tree shade
- HospitalVernon Jubilee Hospital · 1.6 km6 min each way30 m uphill on the way there · 1% tree shade
- GolfVernon Golf Club · 2.5 km8 min each way25 m uphill coming home · 7% tree shade
Sean Phillips’s own estimate, not part of the MLS® listing. Real routes on public map paths and roads, with the hills counted both ways, to the quickest-to-reach place of each kind. Times are averages for a relaxed pace; please check anything that matters to you. Map data © OpenStreetMap contributors. How HillSmart ratings work →
- Price
- $2,575,000
- MLS® number
- 10402706
- Property type
- Single-family home
- Living area
- 13,080 sq ft
- Parking spaces
- 30
- Community
- City of Vernon, Vernon
- Heating
- Forced air
- Cooling
- Central air conditioning
- Parking
- Additional Parking
- Lot features
- Elevator, Bicycle parking
- Parking details
- 30 spaces in total · Additional Parking
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.
Similar homes nearby
The same type of home in Vernon, priced within 25% of this one, closest to it first.
$2,950,000
2906-2916 30th Avenue Lot# 1
City of Vernon, Vernon
28,107 sq ft · Single-family home
Realty One Real Estate Ltd
$3,000,000
2900 29 Avenue
City of Vernon, Vernon
6,520 sq ft · Single-family home
Coldwell Banker Executives Realty
$2,395,000
5973 Pleasant Valley Road
North BX, Vernon
4 bd · 3 ba · 2,700 sq ft · Single-family home
Oakwyn Realty Okanagan-Letnick Estates
$2,395,000
5973 Pleasant Valley Road
North BX, Vernon
Single-family home
Oakwyn Realty Okanagan-Letnick Estates
Listing information is provided by Coldwell Banker Executives Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.