5565 Okanagan Landing Road, Vernon, British Columbia V1T 7A6
$1,100,000
- 3 bedrooms
- 1 bathroom
- 1,630 Square Feet
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, ... read more
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:39198)
- Listing ID: 10395031
- Property Type: Single Family
- Year Built: 1964
| Property | |
|---|---|
| Style: | Bungalow |
| Ownership: | Freehold |
| Lot Size: | 0.55 Ac (Under 1 Acre) |
| Building | |
|---|---|
| Type: | Single Family House |
| HVAC: | Fireplace and Forced Air |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| Town: | Vernon |
| Province: | British Columbia |
| Rooms | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | 7' x 5' |
| Unfinished Room | Lower level | 24' x 13' |
| Bedroom | Lower level | 24' x 12' |
| Bedroom | Lower level | 12' x 9' |
| Primary Bedroom | Main level | 12' x 11' |
| Full bathroom | Main level | |
| Dining room | Main level | 14' x 12' |
| Living room | Main level | 23' x 12' |
| Kitchen | Main level | 12' x 8' |
Book a showing to see this Okanagan Landing Home in Vernon
This property has so much to offer. Book a private showing now, as you do not want to miss out on 5565 Okanagan Landing Road in Vernon, British Columbia!
Private Showing Request
Send a request to book a private showing for
.
Please Note: Information you supply in the contact form will be kept fully confidential.
Is this home the right property for you? Start a conversation to find out.
Provided by Coldwell Banker Executives Realty. MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.
Have questions or need more information about this home? Don't know where to begin? Then, let us connect you with the best real estate agent to guide you.
Inquiries submitted through this website will be responded to by a local sales representative from Royal LePage®.
Start a Conversation by Text
Provide your full name, phone and email to start a conversation by text message.
Please Note: Information you supply in the contact form will be kept fully confidential.
Start a Conversation by Email
Provide your full name and email to start a conversation by email.
Please Note: Information you supply in the contact form will be kept fully confidential.