A rare opportunity to acquire a high-exposure, dual-title mixed-use commercial building in the heart of downtown Vernon’s C7 Heritage Business District, offering approximately 15,000 sq. ft. across multiple levels. The main floor is anchored by a popular, long-term tenant currently operating a restaurant, while the upper level features a 30-bed hostel with a manager’s suite, providing additional rental income. The lower level includes a newly renovated, licensed cannabis dispensary — built out and ready for launch — along with additional flexible space ideal for retail, wellness, or entertainment-oriented uses. C7 zoning supports a broad range of commercial, cultural, and service-based operations, including retail, arcades, animal grooming, educational facilities, and private clubs. It also permits liquor primary establishments, creating future potential for a lounge, bar, or club concept in the lower level, subject to approvals. With the building currently improved to only two storeys above grade, there may be potential for vertical expansion or redevelopment in the future. A freight elevator supports operational functionality, and the walkable downtown location adds long-term value to this adaptable, income-generating asset. (id:2493)
Listed by Oakwyn Realty Okanagan-Letnick Estates and Royal LePage Downtown Realty
Data was last updated September 4, 2025 at 06:45 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$3,195,000
Min list price:
$99,900
Max list price:
$3,895,000
Avg days on market:
62
Min days on market:
2
Max days on market:
512
Avg price per sq.ft.:
$287.55
These statistics are generated based on the current listing's property type
and located in
City of Vernon. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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