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740 Waddington Drive Unit# 11
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740 Waddington Drive Unit# 11 $640,000
$640,000
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740 Waddington Drive Unit# 11
Vernon, British Columbia V1T9E9

MLS® Number: 10340287

Listing Description

Why be tied up in a GIC when alternatively you could invest & hold a recently updated commercial real estate property with a 4.50% CAP RATE on Middleton Mountain Vernon! Great location in a very popular 12 unit commercial strata complex with 2273 sqft of space. Multiple access points from Waddington Drive and 11th Ave, including a dedicated back lane to the bay area. Plus, the light industrial zoning offers a multitude of future usage. Current lease in place until October 15, 2027 with optional dual 3-year term extensions. Call us today for more information on this next investment into your portfolio! (38412035)

Property Summary

Property Type
Industrial
Building Type
Other
Neighbourhood Name
Middleton Mountain Vernon
Land Size
under 1 acre
Built in
1987
Total Parking Spaces
6
Time on REALTOR.ca
16 days

Price and Sale History

Date Status Price
Mar 31, 2020 Sale Closed $12

Building

Bathrooms
Partial
0
Building Features
Features
Corner Site, Irregular lot size, Sloping
Heating & Cooling
Heating Type
Baseboard heaters, Overhead Heaters, (Electric), See remarks
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Unknown (Unknown)
Exterior Finish
Concrete Block
Maintenance or Condo Information
Maintenance Fees
$656.34 Monthly
Parking
Total Parking Spaces
6

Measurements

Square Footage
2273 sqft

Land

Lot Features
Landscape Features
Sloping
Present Use
Industrial
Other Property Information
Access
Easy access
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
250-549-7258
REALTOR® Website
Email
Book showing
RE/MAX Vernon Salt Fowler
5603 27th Street
Vernon, British Columbia V1T8Z5
250-549-4161
Office Website
250-241-5289
Email
Book showing
RE/MAX Vernon Salt Fowler
5603 27th Street
Vernon, British Columbia V1T8Z5
250-549-4161
Office Website
250-549-4161
REALTOR® Website
Email
Book showing
RE/MAX Vernon Salt Fowler
5603 27th Street
Vernon, British Columbia V1T8Z5
250-549-4161
Office Website
Lisa Salt