Updates mentioned by the listing
- PlumbingUpdated (year not given)“Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink.”
- ElectricalUpdated (year not given)“Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink.”
From the listing description. Ask Sean to confirm ages and receipts before you write an offer.
About this home
DEVELOPER ALERT! Rare development opportunity in the Swan Lake area. OCP-designated for Future Residential, this property offers strong potential for medium-density townhomes/row housing, with possible single-family subdivision or bare land strata (subject to approval; buyer to verify with applicable authorities). Draft OCP approval for higher-density zoning is pending. NOT IN THE ALR, a rare find. Historically an orchard, now a working hay field, offering holding income while you navigate development. Potential for land assembly with the neighboring parcel for approx. 5 acres total. The North Okanagan Water Recovery Project (NOWRP) is under construction, bringing community sewer to Swan Lake, commissioning fall 2027, fully operational by early 2028. This $49.6M project is a major investment in regional infrastructure and future housing. 2-min walk to Walmart via fenced path, 3 min to major shopping, 10 min to downtown Vernon. The home offers immediate rental value, in excellent condition and rentable as-is. Two fireplaces (electric upstairs, working; cast iron downstairs, not used/not certified). Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink. Sellers open to month-to-month rent-back for flexibility during your development process. Land with future upside, generating rental income today.
Highlights & things to check
Highlights
- The lot is 2.49 acres and, per the listing, is not in the Agricultural Land Reserve.
- Per the listing, the land is OCP-designated Future Residential, with draft approval for higher-density zoning pending.
- Municipal water is listed, along with natural gas, electricity and telephone service.
- Swan Lake is 790 m away (straight-line). Per the listing, the North Okanagan Water Recovery Project is under construction, with community sewer expected to Swan Lake in fall 2027.
Things to check
- Confirm with the City of Vernon what the Future Residential designation and any higher-density zoning would allow on this site.
- Ask about the status and timing of the draft OCP approval, since the listing says it is still pending.
- Ask the seller about the cast iron fireplace, which the listing says is not used or certified.
- Ask about current rental income and the month-to-month rent-back terms mentioned in the listing.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 5973 Pleasant Valley Road
Neighbourhood scores
8.4 / 10Walk & bike score: 4.8 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
Everyone in the family marks what matters to them (Skip, Nice or Must), and every home gets a match score. Kids too.
Set up my family’s matchYour answers stay on your phone or computer.
Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.
Distances from the front door
Straight-line distances. Driving distances are longer.
Property details
- Price
- $2,395,000
- MLS® number
- 10398705
- Property type
- Single-family home · Residential Commercial Mix · Other
- Lot size
- 2.49 acres · 2.49
- Frontage
- 280 feet
- Community
- North BX, Vernon
Features
- Water
- Municipal water
- Sewer
- See remarks
- Utilities
- Natural Gas, Electricity, Telephone
Similar homes nearby
The same type of home in Vernon, priced within 25% of this one, closest to it first.
$2,395,000
5973 Pleasant Valley Road
North BX, Vernon
4 bd · 3 ba · 2,700 sq ft · Single-family home
Oakwyn Realty Okanagan-Letnick Estates
$2,671,000
5872 Dedecker West Road
North BX, Vernon
3 bd · 2 ba · 1,845 sq ft · Single-family home
REMAX Kelowna
$2,034,000
5884 Dedecker West Road
North BX, Vernon
Single-family home
REMAX Kelowna
$1,799,000
2003 37 Avenue
East Hill, Vernon
5,909 sq ft · Single-family home
Business Finders Canada
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.