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DEVELOPER ALERT! Rare development opportunity in the Swan Lake area. OCP-designated for Future Residential, this property offers strong potential for medium-density townhomes/row housing, with possible single-family subdivision or bare land strata (subject to approval; buyer to verify with applicable authorities). Draft OCP approval for higher-density zoning is pending. NOT IN THE ALR, a rare find. Historically an orchard, now a working hay field, offering holding income while you navigate development. Potential for land assembly with the neighboring parcel for approx. 5 acres total. The North Okanagan Water Recovery Project (NOWRP) is under construction, bringing community sewer to Swan Lake, commissioning fall 2027, fully operational by early 2028. This $49.6M project is a major investment in regional infrastructure and future housing. 2-min walk to Walmart via fenced path, 3 min to major shopping, 10 min to downtown Vernon. The home offers immediate rental value, in excellent condition and rentable as-is. Two fireplaces (electric upstairs, working; cast iron downstairs, not used/not certified). Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink. Sellers open to month-to-month rent-back for flexibility during your development process. Land with future upside, generating rental income today. (id:67517)
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Property Details
MLS® Number 10398660 Property Type Single Family Neigbourhood North BX ParkingSpaceTotal 12 ViewType Mountain View, Valley View, View (panoramic) -
Building
BathroomTotal 3 BedroomsTotal 4 ArchitecturalStyle Ranch BasementType Full ConstructedDate 1976 ConstructionStyleAttachment Detached CoolingType Wall Unit ExteriorFinish Wood Siding FireplacePresent Yes FireplaceTotal 1 FireplaceType Insert FlooringType Carpeted, Laminate, Vinyl HalfBathTotal 1 HeatingType Hot Water, See Remarks RoofMaterial Other RoofStyle Unknown StoriesTotal 2 SizeInterior 2,700 Sqft Type House UtilityWater Municipal Water Attached Garage 2 -
Land
Acreage Yes Sewer See Remarks, Septic Tank SizeFrontage 280 Ft SizeIrregular 2.49 SizeTotal 2.49 Ac|1 - 5 Acres SizeTotalText 2.49 Ac|1 - 5 Acres -
Rooms
Level Type Length Width Dimensions Basement Storage 7'0'' x 5' Basement Bedroom 11'0'' x 9' Basement Recreation Room 14'0'' x 12'0'' Basement Utility Room 5'6'' x 12'0'' Basement Bedroom 13'6'' x 12'0'' Basement Full Bathroom 11'6'' Basement Kitchen 11'6'' x 10' Basement Living Room 19'6'' x 12'0'' Main Level 2pc Bathroom Measurements not available Main Level Living Room 19'6'' x 13'0'' Main Level Dining Room 13'0'' x 12'0'' Main Level Kitchen 15'0'' x 12'0'' Main Level Full Bathroom 13'0'' x 5'0'' Main Level Bedroom 13'0'' x 10'0'' Main Level Primary Bedroom 15'0'' x 11'0'' -
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August 25 2026 07:48:03
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