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Rare opportunity to acquire a close to 2-acre, flat and fully usable Commercial Mixed Use (CMUB) development site in Vernon’s highly sought-after North Anderson commercial corridor. CMUB zoning supports a wide range of mixed-use, residential, retail, office, hotel and institutional uses with building heights up to 6 storeys (buyer to verify). The level topography minimizes development complexity and construction costs, making this an ideal site for efficient high-density development. Excellent accessibility and exposure with close proximity to national retailers, restaurants, hotels, recreation facilities and growing residential neighbourhoods, driving strong long-term demand. Large parcels of this size and zoning are increasingly scarce in this district. This area is seeing active redevelopment interest, including a recently submitted 176-unit mixed-use residential project nearby. This confirms municipal support for density and long-term growth in the Anderson Way corridor. Outstanding opportunity for developers, investors or land banking in one of Vernon’s strongest growth nodes.
Highlights
- About 1.96 acres of land zoned Commercial Mixed Use: Business (CMUB) by the City of Vernon.
- Municipal water and sewer, with natural gas, electricity and telephone listed as utilities.
- The property is not in the City's flood or wildfire hazard permit areas, per City of Vernon map facts.
- Lake Swan Lake is 850 m away and the Greater Vernon Multiplex is 1.4 km straight-line.
Things to check
- Confirm the 6-storey height limit and permitted uses under CMUB zoning with the City of Vernon, as the listing asks buyers to verify.
- The City has a development application on file within about 400 m. See City of Vernon map facts for details.
- Ask the City whether municipal water and sewer capacity is available for a higher-density project on this site.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Did you know?: Kalamalka Lake, one of Vernon’s main water sources, is hard water, so many Vernon homeowners use a water softener. Vernon area questions, answered →
Overall neighbourhood score 8.3 / 10; walk & bike score 5.5 / 10, from how close the nearest school, park or trail, rec centre and town centre are. Scores and distances are Sean Phillips’s own straight-line measures from this home to public B.C. map data. They are not part of the MLS® listing; driving distances are longer, so please check anything that matters to you.
- Grocery storeReal Canadian Superstore · 0.4 km6 min there, 5 min homeMostly flat · 5% tree shade
- CoffeeBlenz Coffee · 0.4 km6 min each wayMostly flat · 4% tree shade
- Elementary schoolAlexis Park Elementary School · 1.9 kmSchool walk check: Footpaths, sidewalks or quiet streets for about 84% of the walk · 1 main-road crossing: 32 Street (traffic signal)24 min there, 23 min home25 m uphill on the way there · 1% tree shade
- Park or playgroundBX Creek Natural Wetland · 1.0 km13 min there, 12 min home15 m uphill on the way there · 1% tree shade
- Beach / lake accessKal Beach · 6.9 km1 hr 24 min each way80 m uphill on the way there · 11% tree shade
- DowntownDowntown Vernon · 2.6 km32 min each way25 m uphill coming home · 1% tree shade
- Rail trailOkanagan Rail Trail · 6.8 km1 hr 25 min there, 1 hr 24 min home95 m uphill on the way there · 11% tree shade
- HospitalVernon Jubilee Hospital · 3.8 km47 min each way50 m uphill on the way there · 0% tree shade
- GolfVernon Golf Club · 4.8 km59 min each way50 m uphill coming home · 5% tree shade
- Grocery storeReal Canadian Superstore · 0.4 km3 min each wayMostly flat · 12% tree shade
- CoffeeBlenz Coffee · 0.5 km4 min each wayMostly flat · 9% tree shade
- Elementary schoolHarwood Elementary School · 1.9 km10 min there, 8 min home25 m uphill on the way there · 5% tree shade
- Park or playgroundBX Creek Natural Wetland · 1.0 km6 min each way15 m uphill on the way there · 1% tree shade
- Beach / lake accessKal Beach · 7.0 km30 min there, 29 min home70 m uphill on the way there · 16% tree shade
- DowntownDowntown Vernon · 2.7 km12 min each way25 m uphill coming home · 2% tree shade
- Rail trailOkanagan Rail Trail · 7.0 km31 min there, 30 min home85 m uphill on the way there · 16% tree shade
- HospitalVernon Jubilee Hospital · 3.9 km18 min there, 17 min home45 m uphill on the way there · 2% tree shade
- GolfVernon Golf Club · 4.9 km21 min each way45 m uphill on the way there · 11% tree shade
- Grocery storeReal Canadian Superstore · 0.4 km3 min each wayMostly flat · 12% tree shade
- CoffeeBlenz Coffee · 0.5 km3 min each wayMostly flat · 9% tree shade
- Elementary schoolHarwood Elementary School · 1.9 km7 min each way25 m uphill on the way there · 5% tree shade
- Park or playgroundBX Creek Natural Wetland · 1.0 km4 min each way15 m uphill on the way there · 1% tree shade
- Beach / lake accessKal Beach · 6.9 km20 min each way80 m uphill coming home · 13% tree shade
- DowntownDowntown Vernon · 2.7 km9 min each way25 m uphill coming home · 2% tree shade
- Rail trailOkanagan Rail Trail · 6.8 km20 min each way95 m uphill on the way there · 13% tree shade
- HospitalVernon Jubilee Hospital · 3.9 km12 min each way45 m uphill on the way there · 2% tree shade
- GolfVernon Golf Club · 4.8 km15 min each way50 m uphill coming home · 7% tree shade
Sean Phillips’s own estimate, not part of the MLS® listing. Real routes on public map paths and roads, with the hills counted both ways, to the quickest-to-reach place of each kind. Times are averages for a relaxed pace; please check anything that matters to you. Map data © OpenStreetMap contributors. How HillSmart ratings work →
- Price
- $4,190,000
- MLS® number
- 10373658
- Property type
- Lot / land
- Ownership
- Freehold
- Lot size
- 1.96 acres
- Annual taxes
- $28,090
- Community
- City of Vernon, Vernon
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Utilities
- Natural Gas, Electricity, Telephone
From the City of Vernon’s public maps, checked October 26, 2026. Not part of the MLS® listing. Please confirm anything important with the City.
- 5500 ANDERSON WAY: To facilitate a mixed-use rental apartment housing development with176 residential units and 6 commercial units in DP Area 2 - Neighbourhood District, and zoned CMUB - Commercial Mixed-Use: Business. 2 Buildings. Application
A nearby fire hall matters for home insurance and emergencies; firefighters are often first on scene for medical calls too.
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Listing information is provided by Oakwyn Realty Okanagan-Letnick Estates through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.