$1,799,000
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2003 37 Avenue, Vernon, BC V1T2W9

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- Beds
0 Baths
5,909 Sq Ft

Rare re-development acquisition opportunity for just under half an acre of multifamily zoned residential development land. New architect renderings for three (3) new development options for townhomes and multifamily apartments with expansive city & lake views. One of the few redevelopment sites ever offered on the East Hill in Vernon. Excellent location, close to town, this rectangular 120 by 182-foot, 0.49-acre, 21, 344 SF site with 117 ft of frontage and multiple rear laneway access points. The Lands come improved with a 5, 909 square foot, 2-storey, multifamily conversion apartment building that produces good holding income with a suite mix of Five (5) 1-bedroom suites and five (5) studios. The building produces an annual gross income of $124, 030.20 or $10, 335.85 monthly with more near-term tenant turnovers anticipated to create significant rental increases. The new MUS - Multi-unit: Small Scale zoning allows for a range of small-scale housing development up to 3 Storeys in Height, including detached, attached, and multi-unit housing on lots under 4, 050 square meters (1 acre) Zoning permits up to 24 Dwelling Units per acre which makes the site suitable for 12 Strata Title Units. Property not in Heritage Registry. Foundation is poured concrete encased rock, interior finishes include painted wood panel with wainscot/chair railed areas and a mix of carpet, vinyl, laminate, hardwood & tile flooring. Don't miss this rare opportunity to secure a solid income producing asset with excellent redevelopment potential. (id:58753)

Listing By: Damon Stamboulieh - Business Finders Canada cncrea2 Realty.com
  • MLS® 10387848
  • Date Listed05/27/2026
  • Days on Realty 60 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 21,344 sq. ft
  • Sewer Public Sewer
  • Property Type Multi Family
  • Year Built 1910
  • Water Public
  • Square Feet 5,909 sq. ft
  • Price Per Sq. Ft $304.45

Interior Features

  • Flooring Carpeted, Wood, Mixed Flooring
  • Heating Radiant heat, See remarks

Exterior / Lot Features

  • Roof Asphalt, Other
  • Lot Size Acres -
  • Lot Size SQFT 21,344.40
  • Lot Features Private setting, Treed

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V1T2W9

Discover key demographics, population statistics, and environmental insights for the Vernon, BC area.

Walkability in BC / V1T2W9

Source: Walk Score

76/100

Very Walkable

Walk Score ®

37/100

Some Transit

Transit Score ®

49/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.

Transit Summary

12 nearby routes: 12 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 20/100, Transit Score: 9/100, Bike Score: 22/100.

Points of Interest near 2003 37 Avenue, Vernon, BC V1T2W9

Frequently Asked Questions for 2003 37 Avenue

Source: Realty.com

2003 37 Avenue, Vernon, BC V1T2W9 in Vernon, BC V1T2W9 is a multi family listed at $1,799,000. Highlights include 5,909 sq. ft., built in 1910, $304 per sq. ft.. Realty.ca has 42 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 42 photos of 2003 37 Avenue.

Our records indicate that 2003 37 Avenue was built in 1910.

The full address for this home is 2003 37 Avenue, Vernon, BC V1T2W9.

2003 37 Avenue has been listed on Realty.com since Wed May 27, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 20/100, Transit Score: 9/100, Bike Score: 22/100.

Listing provided courtesy of: Business Finders Canada
Listing agent: Damon Stamboulieh

This content last refreshed on 2026-07-26 08:22:35. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.