For Sale: 1604 31 Street, Vernon, BC - REW
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$9,630,000
0 bd • 0 ba • sf • Multifamily
1604 31 Street
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$9,630,000
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1604 31 StreetVernon, BC, V1T 5G8

  • 0 Bed
  • 0 Bath
  • Sqft
  • Multifamily

About this home

Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (2020), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:63626)
Listed by: James Blair PREC*, Personal Real Estate Corporation, Marcus & Millichap

Home facts and features

Price details
List Price
$9,630,000
Get Pre-Approved
Gross Taxes for 2026
$38,369
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
37
Parking Details
Stall
Property Type
Multifamily
Lot Size
33976 ft²
Depth
Year Built
Built in 1973 (53 yrs old)
Title
Freehold
Heating Type
Baseboard heaters
Cooling
Wall unit
Features
Smoke Detector Only
Agent details
Primary Agent
James Blair PREC*
Primary Broker
Marcus & Millichap
Secondary Agent
Connor Shelton PREC*
Secondary Broker
REMAX Kamloops
Listing details
Days on REW
28 Days
Property Views
27
MLS® Number
10386799
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Mission Hill Elementary School
  • Public
  • K - 7
St James School
  • Independent
  • K - 7
Beairsto Elementary School
  • Public
  • 1 - 7
Vernon Secondary School
  • Public
  • 8 - 12
Silver Star Elementary School
  • Public
  • K - 7
W L Seaton Secondary School
  • Public
  • 8 - 12
Alexis Park School
  • Public
  • Pre-K - 7
Harwood School
  • Public
  • Pre-K - 7
Clarence Fulton Secondary School
  • Public
  • 8 - 12
Pleasant Valley Christian Academy
  • Independent
  • K - 4
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Personal Real Estate Corporation
James Blair PREC*
Phone:
(604) 790-7089
Office:
604-675-5200
Personal Real Estate Corporation
Connor Shelton PREC*
Phone:
(250) 377-5186
Cell:
(250) 377-5186
Office:
250-374-3331
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.