3105 Coldstream Avenue, Vernon, BC

Government anchored owner/user or value-add investment opportunity. The Subject Property comprises of a 10,381 square foot two-storey commercial building anchored by Interior Health Authority, a provincial health authority and government backed tenant occupying approximately 40% of the building through March 30, 2030. The balance of the building consists of ground floor retail and second floor office/ event space, with 2,020 square feet of retail and 1,850 square feet of office/event space currently available, presenting investors with immediate value-add potential through lease-up of the remaining available area. The site is designated Mixed-Use High Density Commercial and Residential under the City of Vernon's Official Community Plan, with existing CMUC zoning permitting a broad range of commercial and residential uses, building heights of up to 16-storeys, and a maximum floor space ratio of 5.0. This positions the Subject Property as a strong covered land play - offering investors the security of a creditworthy anchor tenancy in the near term while preserving meaningful optionality for high-density mixed-use redevelopment as Vernon's downtown continues to evolve. Please reach out out for more information.