$1,100,000

5565 Okanagan Landing Road, Vernon

Okanagan Landing, Vernon, BC V1T7A6

3 bd · 1 ba · 1,630 sq ft · Single-family home

Listed by Coldwell Banker Executives Realty

About this property

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:67417)

Property details

Price

$1,100,000

MLS® number

10395031

Property type

Single-family home · House · Single Family

Ownership

Freehold

Bedrooms

3

Bathrooms

1

Living area

1,630 sq ft

Lot size

0.55 acres · 0.55

Year built

1964

Storeys

1

Annual taxes

$3,750

Community

Okanagan Landing, Vernon

Features

Style

Bungalow

Heating

Forced air

Water

Municipal water

Sewer

Septic tank

Rooms

Level	Room	Size
Main level	Laundry room	5' x 7'
Lower level	Unfinished Room	13' x 24'
Lower level	Bedroom	12' x 24'
Lower level	Bedroom	9' x 12'
Main level	Primary Bedroom	11' x 12'
Main level	Full bathroom
Main level	Dining room	12' x 14'
Main level	Living room	12' x 23'
Main level	Kitchen	8' x 12'

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