- Active
3605 31 Street
Vernon · Other
- Sqft
- 13,080
Listed by Coldwell Banker Executives Realty · MLS® 10402706
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Sign inAbout this home
Excellent investment opportunity at 3605 31st Street in the heart of Vernon. Well-maintained commercial property featuring 6 established rental units with a strong tenant mix and excellent street exposure. Built in 1996, the building has seen significant recent upgrades including 8 new rooftop HVAC units and fresh exterior/interior paint, new carpet and flooring in the common areas, offering a turnkey asset for investors. Ample parking with convenient rear alley access plus customer use of approximately 20 parking stalls directly in front of the building. Elevator services all three floors plus basement storage area. High-visibility location with steady foot traffic and strong surrounding commercial presence makes this an ideal long-term holding property in a growing market. Current tenants include Medicine Shoppe Pharmacy , Ok Ped , Last Frontier Heli Ski, Doctors Office, and Keystone Property Management. Professionally managed with Coldwell Banker Executives.
Home facts
- Interior
- 13,080 sq ft
- Parking
- 30
- Property type
- Other
- Area
- City of Vernon
- Listed
- October 5, 2026
- Structure
- Residential Commercial Mix
- PID
- 023-418-613
Features and inclusions
- Heating
- Forced air
- Cooling
- Central air conditioning
- Roof
- Other, Unknown
- Parking
- Additional Parking
- Lot
- Elevator, Bicycle parking
Rooms and building
- Water
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $12,205
- Property tax
- $750/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $13,105
Purchase snapshot
- List price
- $2,575,000
- Down payment
- $515,000 (20%)
- Estimated mortgage
- $2,060,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $15,443
- At 5.9974 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Vernon
Ten year average, 2016–2025.
- Average temperature
- 9.1°C
- Daily mean across the year.
- Yearly precipitation
- 345 mm
- On the drier side for BC.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
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