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Vernon,BC V1T5Y2
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 926 sqft
Price per Sqft $296
Subdivision Alexis Park
MLS Listing ID 10335034
Bedrooms 2
Condo Fees $382/mo
Originating Board Association of Interior REALTORS®
Year Built 1981
Property Sub-Type Townhouse
Property Description
Prime Investment Opportunity – Central Location with Unobstructed Views! This 16-unit strata complex presents a unique opportunity for investors following a fire that required all owners and tenants to vacate. Fortunately, a professional restoration company is already managing the cleanup, and trades are lined up to replace the roof and restore the units. All remediation work is fully covered by insurance. While the estimated timeline for full completion and an occupancy permit is 12-18 months, we are seeking investors ready to step in and help bring relief to a displaced owner—while securing a high-value asset in a sought-after location. The largest unit in the building features a two-bedroom, one-bathroom home offering a cozy and efficient layout with a covered deck and in-suite laundry, making it a great option for future rental income or personal use. The property is situated in a high-demand area with an unbeatable central location and unobstructed views, ensuring strong long-term value and investment potential. Once the occupancy permit is issued, the restored complex is expected to yield excellent appreciation and rental opportunities. More than just a financial investment, this is an opportunity to contribute to rebuilding a community while securing a valuable real estate asset. If you are looking for a project that offers both meaningful impact and long-term returns, now is the time to act. Contact us today to learn how you can be part of this exciting investment! (id:24570)
Location
State BC
Zoning Unknown
Rooms
Extra Room 1 Main level 5'1'' x 7'4'' Laundry room
Extra Room 2 Main level 4'11'' x 8'5'' 3pc Bathroom
Extra Room 3 Main level 11'11'' x 8'5'' Bedroom
Extra Room 4 Main level 12'8'' x 8'5'' Primary Bedroom
Extra Room 5 Main level 8'10'' x 8'5'' Kitchen
Extra Room 6 Main level 14'6'' x 12'4'' Dining room
Interior
Heating Baseboard heaters,
Cooling Wall unit
Flooring Laminate,Tile
Exterior
Parking Features No
View Y/N Yes
View City view,View (panoramic)
Roof Type Unknown
Total Parking Spaces 1
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Strata