EXCLUSIVE LISTING
We are pleased to present the opportunity to acquire a retail investment property with immediate income security and significant redevelopment potential in Vernon BC’s retail corridor.
Situated on 3.88 acres at the corner of 48th Avenue and 27th Street, the site is anchored by long-standing tenants including Scotia Bank, Acera Insurance, Attridge Ski & Board Shop, and Secure Rite Mobile Storage. The property delivers stable cash flow backed by creditworthy covenants, with Scotia Bank and Acera Insurance recently renewing in 2024.
With prime arterial exposure and adjacency to Village Green Centre, the property is uniquely positioned to capture both secure near-term returns and long-term value creation. C5 zoning (2.0 FAR) permits up to 337,738 SF buildable,allowing investors to scale future retail or mixed-use density in one of British Columbia’s fastest-growing trade areas
- 2702 48th Ave: 13,132 SF NRA | 1.33 acres | Anchored by Scotia Bank & Acera (renewed to 2029).
- 2706 48th Ave: 2,860 SF standalone | Long-term ski & board shop since 1986.
- 2800 48th Ave:44 acres | Land lease to Secure Rite Mobile Storage.
- 2804 48th Ave:96 acres | Short-term leases for parking, future redevelopment site.
Key Strategic Investment Highlights
- Creditworthy Tenants – Scotia Bank (Schedule I Bank), Acera Insurance (national brokerage), Attridge Ski & Board (operating since 1986), Secure Rite Mobile Storage.
- Prime Retail Corner – High-visibility intersection with direct exposure to Highway 97 via 27th Street.
- Future Redevelopment Potential – C5 zoning allows 2.0 FAR (337,738 SF buildable) for retail or mixed-use.
- Synergy with Village Green Centre – Vernon’s largest retail hub (365,000 SF GLA, Canadian Tire, Save-On-Foods, Winners, etc.).
- Strong Market Fundamentals – Trade area population ~144,884 with above-average household incomes of $112,000+.
- Flexible Hold Strategy – Investors can benefit from current income while advancing future redevelopment plans.