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3301 Coldstream Avenue, Vernon
2026-01-28
Quick Summary
MLS®#10371807
Property Description
Positioned on a high-exposure corner in downtown Vernon’s city center, 3301 Coldstream Avenue offers an excellent mix of stable income, tenant diversity, and long-term upside. With total gross rents of $108,688, leases fully net to the landlord, and an implied cap rate at 5.75% this two-story concrete-block building totals approximately 8,804 sq ft and is configured with four main-floor commercial units and three second-floor office areas. The property has seen extensive upgrades in recent years—including interior and exterior paint, flooring, new drywall ceilings, spray foam insulation in the attic, updated electrical and HVAC (3 new units on the roof), roll shutters, improved signage, window film, awnings, and a security/camera system. The building boasts 600-amp 3-phase power and every unit has their own hydro meter. Most tenancies operate on a net basis with annual rent escalations. With CMUC mixed-use zoning allowing a broad range of commercial opportunities this is a compelling downtown Vernon investment for buyers seeking cash flow today and future redevelopment potential. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Public Transit, Recreation, Schools, Shopping
Building
- Cooling Type: Central air conditioning
- Exterior Finish: Stucco
- Fireplace: No
- Interior Size: 8804 sqft
- Building Type: Other
- Utility Water: Municipal water
Features
- Feature: Level lot, Corner Site
Land
- Land Size: under 1 acre
- Sewer: Municipal sewage system
Maintenance Fee
- Maintenance Fee: 0.00
Ownership
- Type: Freehold
Information entered by RE/MAX Vernon
Listing information last updated on: 2026-01-28 19:49:50
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$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.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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