Great Investment opportunity for future growth and appreciation. 12.88 Acres of land less than 10 minutes from downtown Vernon, in Coldstream, on the north side of Highway 6 just East of the Vernon/Coldstream City Boundary. This property has 2 Titles and provides great passive revenue for owners, and potential for capital appreciation in the future. Long-term tenant PRT (Pacific Regeneration Technologies Inc.)a forest seedling nursery, is a great, stable tenant, and has a long-term lease in place ( details available with a signed NDA). There are also 2 income-producing tenant-occupied homes one on each parcel of separately titled land. The tenants at 10003 Highway 6, are also stable long-term tenants, that rent month to month. The other home ( at 10091 Highway 6) is sub-leased to PRT for staff housing. If you are looking for a great investment or a great place to live in one of the homes, and have some passive income from the exisisting leases on the rest of the land & buildings, this could be the perfect property for you! Many uses are allowed on this ALR Land, including the current use as a tree nursery, but there may be room to be creative in this great accessible, high visibilty, location. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Community Features
Rural Setting
Features
Irregular lot size
Listing Contract Date
2024-05-06
Municipal ID
012-121-843
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Zoning
Unknown
Building
Heating Type
Forced air, See remarks
Type
Residential Commercial Mix
Utility Water
Government Managed
Utilities
Type
Description
Natural Gas
Available
Telephone
Available
Sewer
Available
Water
Available
Land
Total Size
12.88 acres
Access Type
Highway access
Acreage
Yes
Current Use
Mixed use
Sewer
Septic tank
Size of Irregular Land
12.88
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