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:2493)More details
Offered for the first time in over a generation, this landmark downtown Vernon property is far more than a commercial investment—it is an offering to steward one of the city’s most enduring legacy assets. Originally constructed in 1959 as the home of Vernon's premier Eaton’s department store, the building became a defining anchor of the downtown core, the beginning of a story that has shaped the city’s commercial landscape for more than six decades. Occupying nearly one acre of prime downtown real estate, the property is improved with a meticulously maintained mixed-use building comprising 36,000+ square feet of leasable area, an exceptional 51 on-site parking stalls, plus street parking—a rarity in the urban core. The site benefits from Mixed Use – High Density Commercial & Residential designation under the Official Community Plan. Today, the asset is anchored by Nature's Fare Markets, the flagship Vernon location of the respected Pattison Food Group banner, providing the security and stability associated with a premier AAA covenant tenant. Carefully stewarded through decades of ownership, benefited from ongoing capital improvements and professional management, preserving both its architectural character and its institutional-quality investment profile. One of Vernon’s most recognizable commercial holdings—an irreplaceable legacy asset poised to serve the community for generations ahead. This is a once-in-a-generation offering. Note,Businesses Leasing are not part of sale. (id:2493)More details
Prime Industrial Opportunity in the Heart of the North Okanagan, right next door to Vernon’s New Salt Centre Development. Unlock the full potential of your business vision with this exceptional 2.693-acre light industrial (INDL) zoned lot. This premium parcel offers versatility and value, ideal for a wide range of commercial and light industrial uses with subdivision potential to tailor the property to your specific needs and some of the connections are there for the subdivision of 2 lots already. Positioned with convenience in mind, the lot will provide instant access to Highway 97 via 48th Ave, seamlessly connecting your operations to the entire Okanagan corridor. Whether your reach is national or international, Kelowna International Airport is just 30 minutes away, ensuring global access and rapid logistics. Be part of a thriving commercial hub in one of British Columbia’s fastest-growing regions. Bring your business to the gateway of the Okanagan—positioned for success and ready to build. (id:2493)More details
COURT-ORDERED SALE — VERNON INDUSTRIAL PROPERTY 4105 25 Avenue & 2504 41 Street, Vernon, BC Exceptional opportunity to acquire a versatile industrial property assembly in Vernon’s established 25 Avenue light-industrial corridor. The offering includes approximately 1.97 acres of land and 21,950 square feet of building area, comprising three Quonset-style industrial buildings and attached office space. Approximately 15,950 square feet is vacant and available for immediate occupancy. Key features include: •Reported 1,600-amp, 347/600V electrical service •Multiple overhead loading doors •Clear heights of up to approximately 17'9"" •HVAC, ventilation, lighting, security and technology infrastructure •Attached office accommodation •Fenced paved and gravel yard areas •Parking and outdoor-storage capability •Access from both 25 Avenue and 41 Street •INDL – Light Industrial zoning The property may suit manufacturing, food processing, pharmaceutical, technology, warehousing, distribution, service-commercial, owner-occupier or investment uses, subject to zoning, municipal approvals and technical verification. Sale is subject to court approval and applicable court-ordered sale conditions. (id:2493)More details
Rare opportunity to acquire a close to 2-acre, flat and fully usable Commercial Mixed Use (CMUB) development site in Vernon’s highly sought-after North Anderson commercial corridor. CMUB zoning supports a wide range of mixed-use, residential, retail, office, hotel and institutional uses with building heights up to 6 storeys (buyer to verify). The level topography minimizes development complexity and construction costs, making this an ideal site for efficient high-density development. Excellent accessibility and exposure with close proximity to national retailers, restaurants, hotels, recreation facilities and growing residential neighbourhoods, driving strong long-term demand. Large parcels of this size and zoning are increasingly scarce in this district. This area is seeing active redevelopment interest, including a recently submitted 176-unit mixed-use residential project nearby. This confirms municipal support for density and long-term growth in the Anderson Way corridor. Outstanding opportunity for developers, investors or land banking in one of Vernon’s strongest growth nodes. (id:2493)More details
Fully leased, income-producing investment opportunity in the heart of downtown Vernon. This well-maintained three-storey office building is fully occupied by five established tenants, providing immediate, stable cash flow with an approximate 5.25% cap rate based on the current asking price and existing rental income. Offering approximately 13,778 rentable square feet, elevator service, and exceptional corner exposure, this is a turnkey commercial asset in one of Vernon's most sought-after downtown locations. A rare second parcel with 20 owned parking stalls provides outstanding value, additional income potential, and future redevelopment flexibility. With zoning that supports redevelopment of up to 16 storeys, this property offers both reliable income today and significant long-term upside. Surrounded by professional offices, restaurants, shopping, government services, and everyday amenities, this is an exceptional opportunity to acquire a premium investment property in Vernon's downtown core. (id:2493)More details
Prime Downtown Corner Location with High Yield & Redevelopment Potential! Exceptional investment opportunity in the heart of downtown Vernon. This well-maintained, two-level 14,186 sq. ft. commercial building features elevator service and is situated on a prime 12,979 sq. ft. corner lot with 20 rare on-site parking spaces. Fully occupied by long-term professional tenants, including a law firm, medical offices, immigration services, and a boutique flower shop, providing strong, stable income and easy management. Unbeatable location directly across from the new Vernon Cultural Centre and the Central Bus Station. Flexible CMUC zoning allows for future large-scale, mixed-use redevelopment up to 16 storeys. A rock-solid addition to any commercial portfolio! Contact the Listing agent for Financial information. (id:2493)More details
Positioned at one of Vernon’s most prominent and high-traffic intersections, this iconic former bank building presents a rare opportunity for visionary investors and developers. Stripped to its concrete core, the 24,000+ sq ft structure offers a true blank canvas ready for adaptive reuse or redevelopment. The main floor is ideally suited for a high-exposure commercial use such as a restaurant, retail concept, or entertainment venue, while the upper floors are already framed for residential micro-suites but could easily be reimagined as offices, boutique hotel rooms, or creative workspace. A rare original bank vault remains intact, offering a unique architectural feature that could become the centerpiece of a future concept. With strong pedestrian activity, exceptional visibility, and ongoing revitalization in downtown Vernon, this property offers significant upside for those looking to transform a landmark building into something truly special. (id:2493)More details
FOR SALE — Premier Large Format Retail / Service Commercial Space / Large YARD SPACE and PARKING Vernon, BC | Immediate Possession. Rarely does a large format commercial opportunity of this scale become available in the Vernon market. This 18,319 SF property offers exceptional exposure, flexibility, and functionality for retail, showroom, service commercial, or light industrial users. Strategically positioned along the high traffic 43rd Avenue corridor, the property benefits from outstanding visibility, excellent accessibility, and strong frontage exposure. The building combines showroom presence with warehouse and operational capability, making it ideal for businesses requiring both customer facing retail and backend service space. Zoned INDL – Light Industrial, the property supports a broad range of commercial and industrial uses. The layout also provides flexibility for potential demising into smaller units. Additional income is generated from approximately 6,300 SF of leased upper floor space and a leased 1,840 SF residential suite. Key features include 16 foot clear ceiling height in the shop area, three grade level overhead doors, side lane access, large yard space, rear fenced compound for storage or operations, and ample on site parking for customers, staff, and service vehicles. Ideal for automotive, recreational, building supply, fitness, wholesale showroom, service commercial, and light industrial users seeking high exposure space in Vernon. (id:2493)More details
INVESTORS TAKE A LOOK! Forge Commons is being offered as a rare opportunity to acquire all five brand-new townhomes as one multi-family investment package. Five modern, pet-friendly, 3-bedroom + den/office townhomes in a convenient Vernon location. Each unit offers spacious open-concept living, modern finishes, 2.5 bathrooms, dedicated parking, and layouts that work exceptionally well for families, professionals, and long-term tenants. The location adds another layer of appeal. Close to schools, shopping, restaurants, recreation, arena, performing arts centre and Vernon’s new active living facilities, Forge Commons puts tenants close to the things that matter most. For an investor, the opportunity is simple: five brand-new homes, strong rental potential, low-maintenance construction, and a product that should appeal to a broad tenant pool. Pet-friendly, family-friendly and built for modern living. Five units. One opportunity. A turnkey multi-family investment in the heart of Vernon. (id:2493)More details
Prime downtown Vernon commercial building with exceptional redevelopment potential. Situated on a high-exposure corner site, this mixed-use property offers approximately 7,973 sq ft of building area. Zoned CMUC – Commercial Mixed Use Centre, the property allows for a wide range of commercial, residential, and mixed-use developments, supporting high-density construction of up to approximately 16 storeys with a maximum density of 5.0 FAR. This designation supports large-scale development and positions the property as a strategic redevelopment site. The existing building features a main floor commercial space along with two residential units above, including a 1-bedroom, 1-bath suite and a 2-bedroom, 1-bath suite, providing additional income potential. Rooftop access and patio space further enhance the property's versatility. The property is currently operating as an established nightclub, with the opportunity to acquire the business in conjunction with the real estate. The combined offering is available at $3,000,000. (See separate business listing MLS# 10381962 for details.) Located in the heart of Vernon’s downtown with strong visibility, pedestrian exposure, and proximity to key amenities, this property offers investors and developers a rare opportunity to secure a high-density redevelopment site. (id:2493)More details
Data was last updated September 19, 2026 at 08:15 AM (UTC)
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