10003 & 10091 6 Highway

City of Vernon Vernon V1B 3B6

Great Investment opportunity for future growth and appreciation. 12.88 Acres of land less than 10 minutes from downtown Vernon, in Coldstream, on the north side of Highway 6 just East of the Vernon/Coldstream City Boundary. This property has 2 Titles and provides great passive revenue for owners, and potential for capital appreciation in the future. Long-term tenant PRT (Pacific Regeneration Technologies Inc.)a forest seedling nursery, is a great, stable tenant, and has a long-term lease in place ( details available with a signed NDA). There are also 2 income-producing tenant-occupied homes one on each parcel of separately titled land. The tenants at 10003 Highway 6, are also stable long-term tenants, that rent month to month. The other home ( at 10091 Highway 6) is sub-leased to PRT for staff housing. If you are looking for a great investment or a great place to live in one of the homes, and have some passive income from the exisisting leases on the rest of the land & buildings, this could be the perfect property for you! Many uses are allowed on this ALR Land, including the current use as a tree nursery, but there may be room to be creative in this great accessible, high visibilty, location. (id:2493)