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1961 Vernon Street
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1961 Vernon Street $730,000
$730,000
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1961 Vernon Street
Lumby, British Columbia V0E2G0

MLS® Number: 10364385

Listing Description

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. (39299460)

Property Summary

Property Type
Other
Building Type
Residential Commercial Mix
Neighbourhood Name
Lumby Valley
Title
Freehold
Land Size
0.21 ac|under 1 acre
Built in
1901
Parking Type
Rear
Time on REALTOR.ca
78 days

Price and Sale History

Date Status Price
Apr 25, 2017 Sale Closed $295,000

Building

Bathrooms
Partial
0
Heating & Cooling
Heating Type
Forced air
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Metal
Parking
Parking Type
Rear
Total Parking Spaces
8

Measurements

Square Footage
1300 sqft

Land

Lot Features
Present Use
Mixed use
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250-306-0113
REALTOR® Website
Email
Fair Realty
B-1862 Vernon Street
Lumby, British Columbia V0E2G0
250-480-3000
866-232-1101
Office Website
Stephanie Sexsmith