We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
3803 32 Avenue, Vernon
2025-11-06
Quick Summary
- Location
- 3803 32 Avenue, Vernon, British Columbia V1T2N2
- Price
- $45,000,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 81125 sqft
- Year of Construction:
- 1940
MLS®#10367695
Property Description
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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Public Transit, Park, Recreation, Shopping
Building
- Architectural Style: Other
- Exterior Finish: Brick, Metal, Vinyl siding
- Fireplace: No
- Interior Size: 81125 sqft
- Building Type: Multi-Family
- Utility Water: Municipal water
Features
- Feature: Level lot, Balcony
Land
- Land Size: 0.84 ac|under 1 acre
- Sewer: Municipal sewage system
Maintenance Fee
- Maintenance Fee: 0.00
Ownership
- Type: Strata
Storage Type
- Storage Type: Storage, Locker
Information entered by Vantage West Realty Inc.
Listing information last updated on: 2025-11-12 19:20:29
Book your free home evaluation with a 1% REALTOR® now!
How much could you save in commission selling with One Percent Realty?
Slide to select your home's price:
$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
Yes, and yes.
Learn more about the One Percent Realty Deal