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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.
Highlights
- The 0.55-acre site is zoned Medium Scale Housing (MSH), per City of Vernon map facts.
- Per the listing, the property is rented for $2,600 per month while development plans are finalized.
- The property is not in a flood or wildfire hazard permit area, per City of Vernon map facts.
- Okanagan Lake is 2.6 km away and Ellison Elementary is 390 m away, straight-line.
Things to check
- The listing says buyers should verify the 32-unit apartment potential, so ask the City of Vernon what this site allows.
- The property uses a septic tank for sewer, so ask about its condition, capacity and any requirements for development.
- The City has a development application on file within about 400 m. See City of Vernon map facts for details.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Sean’s tip: Westkal Road lots are tight between the road and the lake, which limits what can be added or rebuilt within the riparian setback. Westkal Road waterfront homes →
Overall neighbourhood score 8 / 10; walk & bike score 5.3 / 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 storeBuy Low Foods · 0.4 km6 min each wayMostly flat · 4% tree shade
- CoffeeTim Hortons · 0.5 km6 min each wayMostly flat · 4% tree shade
- Elementary schoolMission Hill Elementary School · 2.5 kmSchool walk check: Footpaths, sidewalks or quiet streets for about 78% of the walk · no main-road crossings35 min there, 32 min home75 m uphill on the way there · 28% tree shade
- Park or playgroundPlayground · 0.4 km6 min each wayMostly flat · 9% tree shade
- Beach / lake accessBeach · 2.9 km36 min there, 37 min home35 m uphill coming home · 17% tree shade
- DowntownDowntown Vernon · 3.7 km47 min there, 45 min home50 m uphill on the way there · 13% tree shade
- Rail trailOkanagan Rail Trail · 6.8 km1 hr 25 min there, 1 hr 22 min home105 m uphill on the way there · 12% tree shade
- HospitalVernon Jubilee Hospital · 3.5 km44 min there, 41 min home60 m uphill on the way there · 15% tree shade
- GolfVernon Golf Club · 4.5 km57 min there, 55 min home70 m uphill on the way there · 27% tree shade
- Grocery storeBuy Low Foods · 0.5 km4 min each wayMostly flat · 3% tree shade
- CoffeeTim Hortons · 0.5 km4 min there, 3 min homeMostly flat · 2% tree shade
- Elementary schoolOkanagan Landing Elementary School · 3.0 km13 min each way25 m uphill coming home · 6% tree shade
- Park or playgroundGrahame Park · 0.4 km4 min each wayMostly flat · 17% tree shade
- Beach / lake accessLakeshore Beach · 2.9 km12 min there, 14 min home35 m uphill coming home · 5% tree shade
- DowntownDowntown Vernon · 3.9 km18 min there, 15 min home45 m uphill on the way there · 5% tree shade
- Rail trailOkanagan Rail Trail · 6.8 km32 min there, 28 min home105 m uphill on the way there · 13% tree shade
- HospitalVernon Jubilee Hospital · 3.5 km18 min there, 13 min home55 m uphill on the way there · 12% tree shade
- GolfVernon Golf Club · 4.7 km22 min there, 19 min home60 m uphill on the way there · 6% tree shade
- Grocery storeBuy Low Foods · 0.5 km3 min each wayMostly flat · 3% tree shade
- CoffeeTim Hortons · 0.5 km3 min each wayMostly flat · 2% tree shade
- Elementary schoolOkanagan Landing Elementary School · 3.0 km9 min each way30 m uphill coming home · 5% tree shade
- Park or playgroundPlayground · 0.5 km3 min each wayMostly flat · 3% tree shade
- Beach / lake accessLakeshore Beach · 2.9 km9 min there, 10 min home35 m uphill coming home · 4% tree shade
- DowntownDowntown Vernon · 3.8 km12 min there, 11 min home50 m uphill on the way there · 12% tree shade
- Rail trailOkanagan Rail Trail · 6.8 km20 min there, 19 min home105 m uphill on the way there · 11% tree shade
- HospitalVernon Jubilee Hospital · 3.5 km11 min there, 10 min home60 m uphill on the way there · 11% tree shade
- GolfVernon Golf Club · 4.7 km14 min each way65 m uphill on the way there · 5% 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 →
Main level
- Laundry room5' x 7'
- Primary Bedroom11' x 12'
- Full bathroom
- Dining room12' x 14'
- Living room12' x 23'
- Kitchen8' x 12'
Lower level
- Unfinished Room13' x 24'
- Bedroom12' x 24'
- Bedroom9' x 12'
- Price
- $1,100,000
- MLS® number
- 10395031
- Property type
- Single-family home
- Ownership
- Freehold
- Bedrooms
- 3
- Bathrooms
- 1
- Living area
- 1,630 sq ft
- Lot size
- 0.55 acres
- Year built
- 1964
- Storeys
- 1
- Annual taxes
- $3,750
- Community
- Okanagan Landing, Vernon
- Style
- Bungalow
- Heating
- Forced air
- Water
- Municipal water
- Sewer
- Septic tank
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.
- 2400 FULTON RD: To vary the following sections of Zoning Bylaw 6000 for the placement of a modular classroom: - Section 13.1.5 to reduce the minimum setback from a lot line abutting a street to a modular classroom from 6.0 m to 0 m. 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 Coldwell Banker Executives Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.