$1,069,000
2409 39 Street
Beds
—
Baths
—
Sqft
—
Year
1981
About this home
Excellent opportunity to own a solid investment property in the City of Vernon. This stand-alone building is leased to a well-established convenience store that has operated successfully for over 25 years, with a new 5-year lease providing stable, reliable income. Property for sale only; business not included. Zoned Commercial Mixed Use – Neighbourhood (CMUN), allowing for a variety of commercial, residential, and mixed-use possibilities with future redevelopment potential. Buyers to verify permitted uses with the City. The roof is less than 5 years old. (id:65958)
- Subtype
- Retail
- Lot size
- 0.26 acres
- MLS#
- 10376500
- Area
- VERNON
Cash on cash
-11.62%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,529
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.