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$ 1,850,000
Est. payment /mo
New
1811 31A Street Vernon, BC V1T7A2
1 Bed
1 Bath
2,178 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision City Of Vernon
MLS® Listing ID 10347162
Style Other
Bedrooms 1
Originating Board Association of Interior REALTORS®
Year Built 1957
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Freehold
Property Description
This property presents a prime redevelopment opportunity, featuring 10 existing rental units on a generous 92 x 225 ft lot. Zoned for Medium-Scale Housing, it supports 4–6 storey development and aligns with the Official Community Plan, requiring only a Development Permit for new construction. The city has expressed strong support for increased densification in the area, and reduced parking requirements make the site even more attractive for builders. Located on a quiet street just half a block from the hospital, the property is surrounded by established apartment blocks, further reinforcing its development potential. Additionally, there is significant land assembly potential, as three neighbouring homes are also available for sale—offering the possibility to nearly double the total land area. With existing rental income, favourable zoning, and municipal support, this is an exceptional opportunity for investors or developers seeking a mid-rise residential project in a growing urban neighbourhood. A full information package is available upon request. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 1.0
Extra Room 1 Main level ' x ' Full bathroom
Extra Room 2 Main level ' x ' Living room
Extra Room 3 Main level ' x ' Primary Bedroom
Extra Room 4 Main level 9' x 10' Kitchen
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Architectural Style Other
Others
Ownership Freehold
Listed by CIR Realty
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