Space
Finished area and layout
- Living Area
- 1,630 sqft
- Bedrooms
- 3
- Bathrooms
- 1
+15 more
3
Bedrooms
1
Bathrooms
1,630 sqft
Living Area
0.55 ac
Lot
1964
Year Built
Property Snapshot
Key details for this listing
MLS #10395031
Property
Type, style and structure
- Type
- residential
- Style
- single family / Detached
- Structure
- Bungalow
- Ownership
About This Property
This 3-bedroom, 1-bathroom single family in Vernon offers 1,630 sqft of living area on a 0.55 ac lot. Built in 1964, 1 storey. The property has lot dimensions of 0.55. The home features forced air heating.
MLS Remarks
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:60351)
Full Listing Details
Address5565 Okanagan Landing Road
MLS#10395031
Listing StatusActive
Property TypeResidential
Sub-TypeSingle family
TransactionSale
Days on Market97
Common InterestFreehold
Annual Tax$3,750
Structure TypeHouse
AttachedDetached
StyleBungalow
Year Built1964
Bedrooms3
Bathrooms1
Living Area1,630 sqft
Stories1
CityVernon
ProvinceBritish Columbia
Postal CodeV1T7A6
Lot Size0.55 ac
Lot Dimensions0.55
HeatingForced air
SewerSeptic tank
Water SourceMunicipal water
Annual Tax$3,750
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