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. (The owner would consider leasing vacant spaces to a qualified tenant.) (id:2493)More details
INVESTOR ALERT! Exceptional opportunity to acquire a high-quality mixed-use investment property with potential of three income streams in a prime Highway 97 location. Built in 2009, this well-maintained 3,360 sq.ft. building offers excellent visibility, easy access, and strong long-term investment potential in the heart of Falkland. The property features a commercial space on the main floor, a spacious 2-bedroom residential suite above, and a newer 1-bedroom suite below, creating diversified revenue and reducing vacancy risk. Designed for efficiency and durability, the building is serviced by municipal water, natural gas heating, central air conditioning, engineered commercial septic, ample parking, and prominent storefront exposure. Strategically positioned along one of British Columbia’s primary transportation corridors between the Okanagan and Kamloops, this income-producing property benefits from consistent local and traveller traffic. Ideal for investors seeking reliable cash flow, portfolio diversification, or owner-occupiers looking to offset expenses with rental income. Mixed-use commercial properties offering multiple revenue streams, modern construction, highway exposure, and strong holding potential are increasingly difficult to find (id:2493)More details
Data was last updated July 13, 2026 at 12:15 PM (UTC)
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