Outstanding investment and redevelopment opportunity on approximately 0.55 acres with Medium Scale Housing zoning, offering excellent potential for a 32-unit apartment development (buyer to verify development plans with the City of Vernon).The property includes a well-maintained 3-bedroom home currently rented for $2,600 per month to clean, reliable tenants, providing immediate cash flow while development plans are finalized. This is an ideal holding property for developers and investors looking to generate income throughout the planning process. Strategically located on Okanagan Landing Road, the property is just minutes from Okanagan Lake, schools, parks, shopping, public transit, and downtown Vernon. Positioned within one of Vernon's fastest-growing areas, this site benefits from strong demand for higher-density housing and excellent access to amenities. Whether you're an experienced developer or an investor seeking a high-potential land holding, this property offers an exceptional opportunity to secure a Medium Scale Housing development site with existing rental income in a highly desirable location. (id:67517)
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Property Details
MLS® Number 10395031 Property Type Single Family Neigbourhood Okanagan Landing -
Building
BathroomTotal 1 BedroomsTotal 3 ArchitecturalStyle Bungalow ConstructedDate 1964 ConstructionStyleAttachment Detached HeatingType Forced Air StoriesTotal 1 SizeInterior 1,630 Sqft Type House UtilityWater Municipal Water -
Land
Acreage No Sewer Septic Tank SizeIrregular 0.55 SizeTotal 0.55 Ac|under 1 Acre SizeTotalText 0.55 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Lower Level Unfinished Room 24' x 13' Lower Level Bedroom 24' x 12' Lower Level Bedroom 12' x 9' Main Level Laundry Room 7' x 5' Main Level Primary Bedroom 12' x 11' Main Level Full Bathroom Measurements not available Main Level Dining Room 14' x 12' Main Level Living Room 23' x 12' Main Level Kitchen 12' x 8' -
Utilities
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September 01 2026 09:59:04
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