1961 Vernon Street, Lumby
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:1945)
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Property details for 1961 Vernon Street, Lumby
- Type
- Commercial
- Living Area
- 1,300 square feet
- Lot Size
- 0.21
- Parking
- Rear
- Heating
- Forced air
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 1961 Vernon Street
Active Listings
51
Min Price
$132,500
Max Price
$4,500,000
Avg Price
$770,469
Days on Market
169
days
Sold Listings
9
Min Sold Price
$469,000
Max Sold Price
$1,149,900
Avg Sold Price
$714,289
Days until Sold
141
days
Price History
Listed
October 1, 2025
by Fair Realty (Lumby)
Current Price
$730,000
Type
Commercial
For Sale
