#302 148 Silver Lode Lane, Vernon, British Columbia V1B 3M1

1 Bedroom 1 Bathroom 500 sqft



$821.21 Monthly

Incredible view and very close to the rooftop hot tub! Ski/Board right from your front door. Would you call this a vacation property that brings in income, or investment property you can use too? Cash-flow positive 2017-2019. Cleaning service provided for a carefree stay and easy rental management. 2 queen beds and one pull out sofa. Sleeps 6. Full kitchen. Enjoy the many amenities the building and Silver Star has to offer. With so much winter and summer recreation only 20 minutes from Vernon, you'll wonder why you didn't do this earlier. The lease renews for $100 in approximately 100 years, as outlined in Lease Agreement. Make your weekend/vacation getaway spot make you money! -2017 Revenue: 9,884.05. Expenses: 8,912.90. Net Income: 971.15 -2018 Revenue: 12,289.00. Expense: 8,912.90 Income: 3376.10 -2019 Revenue: 9826.09. Expenses: 7,321.12. Income: 2504.97 Those expenses include the monthly fee, and the property still cash flows very nicely! AND there was owner use during prime booking times for those years! The very user-friendly hotel booking system can make this property a hassle-free and great source of passive income. All measurements and representation to be verified by the buyer if deemed important. Contact Listing agent for financial documents. (id:31501)

Property Details

MLS® Number 10235773
Property Type Single Family
Neigbourhood Silver Star
Community Name Vance Creek Hotel
View Type Mountain View, View


Bathroom Total 1
Bedrooms Total 1
Constructed Date 1993
Size Interior 500 Sqft
Type Apartment
Utility Water Private Utility


See Remarks


Acreage No
Sewer Municipal Sewage System
Size Total Text Under 1 Acre


Level Type Dimensions
Third Level Living Room 11 ft ,6 in x 11 ft ,6 in
Third Level Full Bathroom Measurements not available
Third Level Primary Bedroom 11 ft ,6 in x 15 ft
Third Level Kitchen 10 ft x 11 ft ,6 in



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