Rare large-scale multi-family development opportunity in the heart of Alexis Park, Vernon. This prime, flat site supports a 125-unit purpose-built rental project and offers one of the lowest cost-per-door opportunities in the Okanagan at under $20,000 per unit. Zoned and ideally suited for 6-storey wood-frame construction, this is one of the most efficient and financeable building forms in today’s market. The property includes two existing income-producing buildings (5-plex and 6-plex) generating approximately $100,000 annually, helping offset holding costs while advancing planning, approvals, or financing. Centrally located on 32nd Avenue, the site is steps from public transit, shopping, and daily amenities, supporting strong long-term rental demand. The large, level lot allows for efficient site planning, underground parking, and streamlined construction. The property is well-positioned for CMHC’s MLI Select program, offering the potential for high-ratio financing, amortizations up to 50 years, and below-market interest rates, significantly improving project feasibility. A forward-sale option is also available, allowing buyers to acquire a fully built, leased, and management up to completion, reducing construction and lease-up risk. A rare opportunity to secure a Tier-1 multi-family site with strong interim income and flexible execution options. (id:2493)More details
RARE OKANAGAN OFFERING! Prime 29-unit apartment building with a mix of bright and spacious units, with majority being 2 bedrooms. This well-constructed and well-maintained complex has a completely brand new (2019) entire 3rd floor. The large lot at .95 acres offers ample parking and an impressive future development opportunity. Being only steps to the Rutland core with all amenities like shops, food and entertainment makes this an attractive spot. Schools, bus routes and parks nearby with easy access to Big White Ski Resort and the International Airport. A long term, strong tenant mix and consistent low vacancy. Terrific investment opportunity. Don’t miss it! Package available. Contact listing agents. (id:2493)More details
Unlock the full potential of your investment with this expansive commercial building in Princeton, BC. Nestled in a prime location, this property boasts a captivating frontage, offering a canvas for diverse business ventures. Featuring six existing residential tenants, and 3 commercial space, it already establishes a steady income stream. Seize this chance to capitalize on this property. The layout's versatility allows for multiple investment streams, making it an attractive proposition for businesses seeking high visibility and foot traffic. With an eye-catching facade, this property not only captures attention but also presents a unique opportunity for significant return on investment. Don't miss out on this chance to secure a lucrative investment in a prime location with unparalleled ROI prospects. The property is bringing in over $10,000 for rental income... Contact us now to explore the myriad possibilities awaiting you in this dynamic Princeton locale. (id:2493)More details
This 6.49 acre property with 4 cabins and a mobile home with long term tenants in place generates $6,100 per month of rental income. 4 super cute 1 bedroom cabins with three recently updated including new kitchens, new counters, new flooring, fresh paint and new light fixtures. Private setting just off TCH, backing onto Perry River, is close to Revelstoke, Crazy Creek, world class sledding and Mustang Powder skiing. This would make a great spot to add a home as a principal residence, with potential to add more rentals or create a campground. Truly a beautiful property with good cash flow and lots of potential. (id:2493)More details
FANTASTIC OPPORTUNITY - CAP RATE 5.87% - Be a land baron for under $900,000 - 2 two-bedroom and 4 one-bedroom units on 2 levels. on a 0.331 AC lot. Well organized property with tons of future potential. Metal roof, on demand hot water system, Entry is controlled from enter phone, Electrical is the responsibility of the tenants, parking is ample and open. Storage available for all units. 1/2 the units upgraded, rental increase possible, lots of potential. City water, private septic. Private lot with tall hedges. Investment-wise, Great rate of return. The location is central to schools, downtown, and to the highway. (id:2493)More details
EXTRAVAGANT WATERFRONT ESTATE! This property features agritourism zoning, permitting up to 5 permanent structure sleeping units, affording great potential for expansion and additional living structures. Professional Drawings are available for AirBnB suites over the garage. A legal carriage home offers two beds and two baths, providing flexibility and convenience. Moreover, take advantage of the grandfathered zoning allowing for the rental of six beach lots, ensuring lucrative passive income. Boasting two residences, along with a remarkable detached shop, nestled on 5+ acres of prime waterfront property, this estate is truly unparalleled. With a staggering 1000 feet of private beachfront and a dock equipped with hydraulic lifts and integrated lighting, every aspect of waterfront living has been meticulously curated. The main residence with five beds and four baths, exudes elegance and sophistication with high-end finishes, breathtaking lake views, and luxurious amenities such as a butler's pantry, theatre room, and a master suite fit for royalty, complete with a fireplace, private deck, and opulent ensuite bathroom. Ample garage space, totaling over 3200 sq.ft., includes a hoist bay and mezzanine office, catering to automotive enthusiasts and professionals alike. Step outside to discover meticulously manicured landscaping, flourishing fruit trees, and an outdoor kitchen/wet bar, perfect for entertaining guests against the backdrop of stunning lake vistas. (id:2493)More details
COMPETIVELY PRICED! With only steps to the beach and the trendy Pandosy Village, this rare development site is strategically located directly across from the Kelowna General Hospital making it an impressive income producing or holding property opportunity. It offers an unparalleled opportunity for up to 16 to 20 high demand residential units, mixed commercial or medical/hospital related uses. The .2 acre corner lot is situated within the 400m TOA allowing for more buildable sqft and no parking required for residential developments. Current 5 bedroom/3 bathroom 2,300 sqft home. Be a part of the growing Kelowna Health District! (id:2493)More details
14 separately titled strata properties in 2 separate and twin buildings each of 7 units. Terrific opportunity for a private investor, or a fabulous opportunity for a charity or non profit organization looking for multiple units in a single location. Currently fully occupied and rented. Each of the 14 units is individually owned and presently 1 owner can negotiate and sign for all units. At this time the Seller will not entertain sales of single individual units but may consider selling just one of the buildings, or the sale of a ""block"" of units. As each unit has separate rental amounts, strata fees, taxes etc providing 1 statement is difficult and we are still waiting on some information to provide a complete pro-forma, balance sheet and income statement. Good location, property is flat, fully useable, has creek at the rear, on the bus route and convenient to all that Vernon has to offer. The present Vernon vacancy and rental market is quite healthy and still is a bit of a ""landlord's market'. Each building consists of 4 near identical 2 bedroom and 1 bath 712 sq ft ground floor units and 3 upper level 2 or 3 bedroom units averaging approximately 820 sq ft for approx. 5300 sq ft of living area per building. More info on our web site but call for more info or to arrange a viewing. (id:2493)More details
An exceptional opportunity to acquire a fully stratified, 26-unit townhouse development on a 1.75-acre parcel in the heart of Kelowna’s rapidly evolving Rutland Urban Centre. Ideally positioned directly across from Ben Lee Park and bordering the Houghton Road Recreation Corridor, this property offers both lifestyle appeal and strategic long-term value. Located within the City’s designated redevelopment zone, the site is zoned UC4, allowing for up to 6 storeys with a density bonus—making it a prime candidate for future multifamily redevelopment. Most of the units are owner-occupied, with estimated market rents of approximately $2,500 per month, equating to a potential gross annual income of $780,000. Just 8 minutes to UBCO and Kelowna International Airport, 15 minutes to Okanagan Lake, and 40 minutes to Big White, this location offers strong projected holding income and exceptional redevelopment potential in one of Kelowna’s most active and connected growth corridors. (id:2493)More details
Looking for a rental investment? This could be the one! This centrally located 4 plex and house package sits on just over an acre of land that backs onto the creek. The 4 plex consists of four, one bedroom, one bathroom units with individual parking spots. The house offers three bedrooms, one bathroom and a partially finished basement. This property is located close to schools, parks, and the hospital. Call today for more information! (id:2493)More details
INVESTORS/RETIREE WANT TO BE! Mobile home park, Main home with 5 mobile homes, each home has 2 bedrooms and 1 bathroom, also has 10 storage lockers, 65,000 annual Gross income. Zero vacancy rate, Tenants are long term and amazingly work together to form their small community. Well produces plenty of water and has a water license, new water lines and septic in 2025. most tenants have their own gardens and the u/g sprinklers are on timers. Huge Shop for parking/projects/storage . 3 septic tanks to accommodate all residents. just a little over one hour to either Osoyoos or Kelowna . Less than an hour to Big White or the Midway border crossing; Mobile Home Park (id:2493)More details