- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- 10360627
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
Situated on over an acre of land, offering approximately 150-feet of prime frontage, Pioneer Villa is conveniently located within Vernon's City Centre. The subject property consists of three, one-story buildings, totaling 21 1-bedroom, units. Originally built in 1957, the western and northern buildings initially served as a motel, however, in the 1990's, the property was converted into rental housing which included the new construction of the eastern building. Two units have been updated in the last few years, lots of rental upside as units turnover. The property is zoned RH1 (Low Rise Apartment Residential) and has 21 parking stalls. $147,991 NOI and a 4.42% cap rate. Share sale and there is an assumable CMHC mortgage financing in place at 4.13% interest rate until June 2033.
- Price:
- $3,350,000
- Property Type:
- Commercial
- MLS® Num:
- 10360627
- Status:
- Active
- Courtesy of:
- Colliers
- Annual Property Taxes:
- SIGNUP
- Land Size:
- 1.09 ACRES
- Building Size:
- 14,700 SQ.FT.
- Year Built:
- 1957
- Zoning:
- SIGNUP
- P.I.D. #:
- SIGNUP
- # Rooms:
- 21
- Financial Statements:
- SIGNUP
-
Vernon-bc-hotel-for-sale
Marketed by Promised Land Realty
Data was last updated February 13, 2026 at 11:35 PM (UTC)
- HUI JILLAIN
- Promised Land Realty
- 1 (604) 615-7128
- Contact by Email
Flat Fee List On MLS®
Promised Land Realty
1500-701 West Georgia, Vancouver BC V7Y1C6
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.