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Foreclosure signalInvestment signal

$1,699,000

3600 Centennial Drive

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Investment signal

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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

65 UNIT CONDO DEVELOPMENT OPPORTUNITY! An exceptional chance to bring a high-density residential project to life in the heart of Vernon. This offering comes with a comprehensive development package already in place, including a full set of engineered plans by JM Architecture, environmental reports by Sage Environmental, and a geotechnical report completed by GEOEDGE—significantly reducing the groundwork for your next project. Located in the highly desirable Alexis Park neighbourhood, this property presents a rare opportunity for developers looking to move forward quickly with a well-conceived vision. The site is designated Residential High Density in the OCP and sits within Development Permit Area #2. An Environmental Management Area Assessment has already been completed to support a proposed 6-storey, 65-unit multi-family development (subject to approvals). Positioned next to parkland and Becker Park and just minutes from downtown Vernon amenities, the location offers strong lifestyle appeal for future residents. The property currently includes an older duplex but is being marketed primarily for its redevelopment potential and land value. Full development reports and documentation are available upon request. SOLD AS IS WHERE IS. (id:65958)

Subtype: Other
Structure: Residential Commercial Mix
Community: City of Vernon
Lot size: 0.84 acres
Lot dimensions: 0.84
On market: Mar 4, 2026
Status changed: Apr 24, 2026
Photos: 23
MLS#: 10378062
Area: VERNON

Features and systems

Exterior

StuccoWood sidingAluminum

Roof

Asphalt shingleUnknown

Lot

Irregular lot size

Negative cash flow ~$1,794/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.34%

Cap rate

3.60%

GRM

16.7

Break-even rent

$10,389

Financing

Down payment$339,800

Loan amount$1,359,200

Mortgage$6,887/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$779

Insurance$80

Maintenance$1,416

CapEx reserve$708

Vacancy loss$425

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

Estimated $6,887/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

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.