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Sarah Percival

sarah.percival@engelvoelkers.com +1(613) 883-7076

$ 1,150,000

Est. payment -/mo

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5565 Okanagan Landing Road Vernon, BC V1T7A6

3 Beds

1 Bath

1,630 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1630

Square Footage 1,630 sqft

Price per Sqft $705

Subdivision Okanagan Landing

MLS® Listing ID 10395031

Style Bungalow

Bedrooms 3

Year Built 1964

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type Freehold

Property 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:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Lower level 24' x 13' Unfinished Room

Extra Room 2 Lower level 24' x 12' Bedroom

Extra Room 3 Lower level 12' x 9' Bedroom

Extra Room 4 Main level 7' x 5' Laundry room

Extra Room 5 Main level 12' x 11' Primary Bedroom

Extra Room 6 Main level Measurements not available Full bathroom

Interior

Heating Forced air

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 1

Sewer Septic tank

Architectural Style Bungalow

Others

Ownership Freehold

Listed by Coldwell Banker Executives Realty

NEARBY SCHOOLS & PROPERTIES

Sarah Percival

Salesperson

+1(613) 883-7076

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