$2,699,000
3315 30 Avenue
Beds
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Baths
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Sqft
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Year
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Type
Other
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Vernon. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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:65958)
- Subtype
- Other
- Structure
- Residential Commercial Mix
- Community
- City of Vernon
- Living area
- 14,438 square feet
- Lot size
- 0.11 acres
- Lot dimensions
- 0.11
- On market
- Sep 2, 2025
- Status changed
- Apr 24, 2026
- Annual tax
- $1,832
- Photos
- 60
- MLS#
- 10361275
- Area
- VERNON
Features and systems
Lot
Cash on cash
-6.24%
Cap rate
3.62%
GRM
16.7
Break-even rent
$16,454
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: 4.5% rate, 30-year amortization, 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 24, 2026.