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Land For Sale at 2611 Lakeshore Road in Vernon, British Columbia

4 Sale ID #182728
Updated 28 Apr 2024

Asking Price

$999,999

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Lots of future potential value in this property! City to likely support C10A Rezoning (Tourist Commercial and Residential). LOTS of options to build here! The successful Vita Resort is just down the road. C10A zoning is in supplements. Prime location right on Lakeshore road, just steps to the lake. Current home has 4 bedrooms with suite. This is a 0.41 acre level lot in the OCP for Waterfront Neighbourhood Centre (C10A). (id:39198)

  • MLS® : #10275781
  • Date Listed : 26 May 2023

Location

Province

British Columbia

City

Vernon

Address

2611 Lakeshore Road

Postal Code

V1H1N1

Location Highlights

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Listed by

Century 21 Executives Realty Ltd British Columbia listing

Category

land

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$999,999

Asking Price

$999,999

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

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Market Competition

N/A


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