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Horizon Manor 1903 32 St 24 Unit Apartment Building $3,035,694 USD ($126,487 USD/Unit) Vernon, BC V1T 5K4
Executive Summary
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Horizon Manor – a well-maintained 24-unit apartment building located next to Vernon Jubilee Hospital at 1903 31A Street. (the “Property”). Situated on a 18,775 sq ft lot and designated Medium Scale Housing (MSH), the Property offers long-term stability with future redevelopment potential. Residents benefit from immediate access to the hospital, nearby retail, and the amenities of Downtown Vernon, supporting consistent rental demand. The Property has been well cared for by current ownership with recent capital expenditures, including a new roof and hot water tank. The suite mix features three 2-bedroom units and twenty-one 1-bedroom units, including two top floor penthouses that enhance the Property’s overall rental appeal. With rents significantly below market, the Property presents a clear value-add opportunity for incoming investors
Property Facts
| Price | $3,035,694 USD | Apartment Style | Low-Rise |
| Price Per Unit | $126,487 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| No. Units | 24 | Building Size | 15,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1974 |
| Price | $3,035,694 USD |
| Price Per Unit | $126,487 USD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 15,000 SF |
| No. Stories | 3 |
| Year Built | 1974 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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Horizon Manor | 1903 32 St
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