740 Waddington Drive Unit# 11VernonBritish ColumbiaV1T9E9

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 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 usage. 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:35966)

Listing Details

Property Details

Full Address:
11 740 Waddington Drive, Vernon, British Columbia
Price:
$ 640,000
MLS Number:
10340287
List Date:
March 25th, 2025
Neighbourhood:
Middleton Mountain Vernon
Year Built:
1987

Interior Features

Heating:
Baseboard heaters, Overhead Heaters, Electric, See remarks

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Unknown, Unknown
Zoning:
Unknown
Exterior:
Concrete Block
Garage Spaces:
6
Stata Fees:
$ 656

Floors

Finished Area:
2273 sq.ft.

Land

Current Use:
Industrial

Neighbourhood Features

Ratings

Commercial Info

Location

Neighbourhood Details