Hilltop Manor $ 9,880,000
4001 34A Street, Vernon, BC

Hilltop Manor $9,880,000.

4001 34A Street, Vernon, BC

Property Description

HM Commercial Group is pleased to present this valuable opportunity for a fully rented 60 unit apartment building in Vernon.

Numerous benefits:

  • Beautifully restored and updated (more than $950,000 in upgrades in past 4 years)
  • Average gross rent is only $1.31/SF per month (huge upside potential) 
  • Opportunity to convert some common areas into rentable space
  • Covered and secured parking garage provides added value for tenants & owner
  • Surplus land to build additional rental units 
  • On-site Building Manager
  • Title held by bare trustee company
  • Elevator serviced 
  • On-site laundry
  • 25 cameras for added security

Additional Information

Municipal Address4001 34A Street, Vernon, BC
Legal DescriptionLot A Plan KAP28535 Section 3 Township 8 Land District 41 Except Plan M14466 ODYD
LocationHilltop Manor is situated in the heart of Vernon in a quiet residential area in close proximity to Kal Tire Place, shopping at Vernon Square, and walking distance to both elementary and secondary schools.
Building Area60 units
Land Area1.75 acres
ParkingCovered and secured parking garage provides added value for tenants & owner.
ZoningRH1, Low Rise Apartment Residential
Taxes$36,228.98 (2019)

Property Map

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E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.

Additional Photos

Direct: 250.712.3130
Fax: 250.860.1600

2700 Richter St. Kelowna, BC V1Y 2R5