740 Waddington Drive Unit# 11 Vernon, British Columbia V1T 9E9
$640,000Maintenance,
$656.34 Monthly
Maintenance,
$656.34 MonthlyAlready Renovated!! Why be tied up in a GIC when, alternatively, you could invest & hold a recently updated commercial real estate property with a 4.50% CAP RATE via the current asking price, on Middleton Mountain Vernon! Great location in a very popular 12-unit commercial strata complex with 2273 sqft of space. Multiple access points from Waddington Drive and 11th Ave, including a dedicated back lane to the bay area. Plus, the light industrial zoning offers a multitude of future uses. Current lease in place until October 15, 2027, with optional dual 3-year term extensions. Call us today for more information on this next investment into your portfolio! (id:41053)
Property Details
| MLS® Number | 10340287 |
| Property Type | Industrial |
| Neigbourhood | Middleton Mountain Vernon |
| Features | Corner Site, Irregular Lot Size, Sloping |
| Parking Space Total | 6 |
Building
| Constructed Date | 1987 |
| Exterior Finish | Concrete Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Overhead Heaters, See Remarks |
| Roof Material | Unknown |
| Roof Style | Unknown |
| Size Interior | 2273 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access |
| Acreage | No |
| Current Use | Industrial |
| Landscape Features | Sloping |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1 Acre |
| Zoning Type | Unknown |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 27 2025 08:22:54
Okanagan-Mainline Real Estate Board
RE/MAX Vernon Salt Fowler
Request
Contact the HCM Group
The HCM group is happy to assist in any way possible on the potential purchase or sale of any property here in the Okanagan Valley. With a history dating back to 1911, we know the area like the back of our hands.