3803 32 Avenue, Vernon

Living area: 81125 square feet
Added: 4 weeks ago
Updated: 1 week ago
Last Checked: 1 week ago
Listed by: Vantage West Realty Inc.
View All Photos

Listing description
This Other at 3803 32 Avenue Vernon, BC with the MLS Number 10358016 listed by Nick Hazzi - Vantage West Realty Inc. on the Vernon market 4 weeks ago at $45,000,000.

Forward sale opportunity! A fully turn key 125 unit multi-family development in Vernon’s Alexis Park, offered complete with lease-up and professional management in place. This large, flat site is zoned and ready for 6 storey wood frame construction and has been fully pre-positioned for CMHC’s MLI Select program, qualifying for up to 95 percent loan to value financing with 50 year amortization and below market commercial rates. With only $2.5M in required equity, this is a rare chance to secure a Tier 1 asset with minimal capital outlay. Take advantage of Vernon’s sub 1 percent vacancy rate and strong rental demand—the market is hot and purpose-built rental is in high demand. Located near transit, schools, and daily amenities, this site offers long-term rental strength in a high-growth community. Pro forma projects a stabilized value of over $48 million and a 4.67 percent cap on cost. Reach out for the full development package, financials, and details. (id:1945)

Property Details Key information about 3803 32 Avenue

Roof:
- Other
- Unknown
Heating: No heat
Structure Type: Multi-Family
Exterior Features:
- Brick
- Vinyl siding
- Metal
Architectural Style: Other

Exterior & Lot Features Learn about the exterior and lot specifics of 3803 32 Avenue

Water Source: Municipal water
Lot Size Units: acres
Parking Features: Underground
Lot Size Dimensions: 0.84

Utilities & Systems Review utilities and system installations

Sewer: Municipal sewage system

This listing content provided by REALTOR.ca has been licensed by REALTOR®
members of The Canadian Real Estate Association

Nearby Listings Stat Estimated price and comparable properties near 3803 32 Avenue

Active listings

413

Min Price

$1,000

Max Price

$45,000,000

Avg Price

$893,492

Days on Market

67 days

Sold listings

Min Sold Price

$189,900

Max Sold Price

$5,500,000

Avg Sold Price

$657,679

Days until Sold

66 days

Nearby Places Nearby schools and amenities around 3803 32 Avenue

Simply Delicious (0.5 km)
3419 31 Ave, Vernon

Nature's Fare Markets (0.6 km)
3400 30th Ave, Vernon

Bamboo Beach Fusion Grille (0.7 km)
3313 30th Ave, Vernon

Intermezzo Restaurant and Wine Cellar (0.8 km)
3206 34 Ave, Vernon

Rosalinda's Filipino Kitchen (0.8 km)
2810 33 St, Vernon

Boa Thong Thai Food Restaurant (0.9 km)
3210 30th Ave, Vernon

Boston Pizza (0.9 km)
3604 32 St, Vernon

Phoenix Steakhouse (0.9 km)
3117 30th Ave, Vernon

Parks & Recreation Greater Vernon (0.8 km)
3310 37 Ave, Vernon

Vernon Public Art Gallery (0.8 km)
3228 31 Ave, Vernon

The Pantry Restaurant (1 km)
3908 32 St, Vernon

Checkers Bar & Grill (1.1 km)
3914 32 St, Vernon

Best Western Plus Vernon Lodge & Conference Center Hotel (1.1 km)
3914 32 St, Vernon

The Italian Kitchen (1.2 km)
2916 30th Ave, Vernon

Price History

Listed

August 6, 2025

by Vantage West Realty Inc.

For Sale