Multifamily
Valley View Apartments
1604 31 Street, Vernon, BC V1T 5G8
Listing Price: $8,700,000
Investment Overview
A well-situated 49 unit apartment building in the growing Okanagan city of Vernon, centrally located with close proximity to shopping, schools, Vernon Jubilee Hospital, and amenities throughout downtown Vernon. Built in 1973, Valley View Apartments has been well maintained by current ownership and has benefited from a consistent capital expenditure schedule. Recent upgrades include a new torch-on roof (2019), new hydraulic elevator system including cab control panel (2020), and a newer IBC on-demand hot water and heating system. Further work includes upgrades to balconies, some new double-pane windows, and full renovations to some suites, including dishwashers.
Valley View Apartments
Investment Highlights
- A well-situated 49 unit apartment building in the growing Okanagan city of Vernon
- Well maintained by current ownership and has benefited from a consistent capital expenditure schedule
- A rare asset of scale offered in the Okanagan allows an owner to be "hands-off"
Exclusively Listed By
Listing Price: $8,700,000
Investment Highlights
- A well-situated 49 unit apartment building in the growing Okanagan city of Vernon
- Well maintained by current ownership and has benefited from a consistent capital expenditure schedule
- A rare asset of scale offered in the Okanagan allows an owner to be "hands-off"
Investment Overview
A well-situated 49 unit apartment building in the growing Okanagan city of Vernon, centrally located with close proximity to shopping, schools, Vernon Jubilee Hospital, and amenities throughout downtown Vernon. Built in 1973, Valley View Apartments has been well maintained by current ownership and has benefited from a consistent capital expenditure schedule. Recent upgrades include a new torch-on roof (2019), new hydraulic elevator system including cab control panel (2020), and a newer IBC on-demand hot water and heating system. Further work includes upgrades to balconies, some new double-pane windows, and full renovations to some suites, including dishwashers.
Exclusively Listed By
