- ©MLS 10395031
- Area 1630 sq ft
- Bedrooms 3
- Bathrooms 1
Description
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:48970) Show More
Details
- Constructed Date: 1964
- Property Type: Single Family
- Type: House
- Architectural Style: Bungalow
- Neighbourhood: Okanagan Landing
Features
- Forced air
Rooms Details For 5565 Okanagan Landing Road
| Type | Level | Dimension |
|---|---|---|
| Unfinished Room | Lower level | 24' x 13' |
| Bedroom | Lower level | 24' x 12' |
| Bedroom | Lower level | 12' x 9' |
| Laundry room | Main level | 7' x 5' |
| Primary Bedroom | Main level | 12' x 11' |
| Full bathroom | Main level | Measurements not available |
| Dining room | Main level | 14' x 12' |
| Living room | Main level | 23' x 12' |
| Kitchen | Main level | 12' x 8' |
Location
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Data provided by: Okanagan-Mainline Real Estate Board