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Exceptional infill development opportunity in a convenient central Vernon location, offered at a price below the current City-assessed value. Situated on a 50’ x 125’ lot (approximately 6,250 sq. ft.), this property features MUS (Multi-Unit Small Scale) zoning, providing flexibility for a range of small-scale multi-unit residential development options up to three storeys. With potential to develop a 4-plex, this centrally located property presents an attractive opportunity for builders, developers, and investors looking for redevelopment potential at a competitive price point below assessed value. The location offers excellent everyday convenience within a well-established and highly walkable neighbourhood. Safeway, Alexis Park Elementary, Kal Tire Place, shopping, services, and the new recreation centre currently under construction are all nearby. Whether you are looking to develop in the near term or secure a centrally located property with future redevelopment potential, this site offers an attractive combination of flexible zoning, multi-unit potential, central location, and compelling land value. An excellent opportunity to secure a potential multi-unit development property in the heart of Vernon at an attractive price. ""Value is primarily in the land and redevelopment potential""
Highlights
- Zoned Multi-Unit: Small Scale (MUS), which the listing says allows small-scale multi-unit development up to three storeys.
- Lot is about 50 ft by 125 ft (approx. 6,250 sq ft), with municipal water and sewer, plus natural gas and electricity.
- City map facts show the property is not in a flood or wildfire hazard permit area.
- Alexis Park Elementary is 260 m away, and the Greater Vernon Multiplex rec centre is 270 m away.
- Town centre Vernon is 1.2 km away straight-line, and Fire Hall 1 is about 0.8 km away.
Things to check
- Ask the City what a four-plex on this MUS-zoned lot would require, including approvals and any servicing upgrades.
- The home was built in 1937. Ask about its age and any records of past updates or permits.
- 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.
Good to know: Dogs three months and older in Greater Vernon need a regional dog licence if you live here more than 30 days. Moving to B.C.: the checklist →
Overall neighbourhood score 8.5 / 10; walk & bike score 7.5 / 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 storeSafeway · 0.2 km3 min there, 4 min homeMostly flat
- CoffeeStarbucks · 0.6 km8 min there, 9 min home15 m uphill coming home · 0% tree shade
- Elementary schoolAlexis Park Elementary School · 0.1 kmSchool walk check: Footpaths, sidewalks or quiet streets nearly all the way · no main-road crossings2 min each wayMostly flat
- Park or playgroundPlayground · 0.2 km3 min there, 4 min homeMostly flat
- Beach / lake accessKal Beach · 5.3 km1 hr 5 min each way70 m uphill coming home · 13% tree shade
- DowntownDowntown Vernon · 0.9 km11 min there, 13 min home20 m uphill coming home · 0% tree shade
- Rail trailOkanagan Rail Trail · 5.3 km1 hr 5 min there, 1 hr 6 min home80 m uphill coming home · 13% tree shade
- HospitalVernon Jubilee Hospital · 2.2 km27 min each way30 m uphill coming home · 0% tree shade
- GolfVernon Golf Club · 3.0 km38 min there, 40 min home55 m uphill coming home · 36% tree shade
- Grocery storeSafeway · 0.3 km3 min each wayMostly flat
- CoffeeStarbucks · 0.7 km4 min there, 5 min home15 m uphill coming home · 12% tree shade
- Elementary schoolAlexis Park Elementary School · 0.1 km2 min each wayMostly flat
- Park or playgroundPlayground · 0.2 km3 min each wayMostly flat
- Beach / lake accessKal Beach · 5.3 km23 min there, 24 min home65 m uphill coming home · 15% tree shade
- DowntownDowntown Vernon · 0.9 km5 min there, 6 min home15 m uphill coming home · 0% tree shade
- Rail trailOkanagan Rail Trail · 5.2 km24 min each way70 m uphill coming home · 14% tree shade
- HospitalVernon Jubilee Hospital · 2.1 km11 min there, 10 min home30 m uphill on the way there · 1% tree shade
- GolfVernon Golf Club · 3.1 km14 min there, 15 min home35 m uphill coming home · 5% tree shade
- Grocery storeSafeway · 0.3 km2 min there, 3 min homeMostly flat
- CoffeeStarbucks · 0.7 km3 min each way15 m uphill coming home · 0% tree shade
- Elementary schoolAlexis Park Elementary School · 0.1 km2 min each wayMostly flat
- Park or playgroundPlayground · 0.2 km3 min each wayMostly flat
- Beach / lake accessKal Beach · 5.2 km15 min there, 16 min home65 m uphill coming home · 14% tree shade
- DowntownDowntown Vernon · 0.9 km4 min each way15 m uphill coming home · 0% tree shade
- Rail trailOkanagan Rail Trail · 5.2 km16 min each way75 m uphill coming home · 13% tree shade
- HospitalVernon Jubilee Hospital · 2.1 km7 min each way30 m uphill on the way there · 1% tree shade
- GolfVernon Golf Club · 3.1 km10 min each way40 m uphill coming home · 6% 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
- Bedroom' x '
- Living room' x '
- Full bathroom' x '
- Primary Bedroom' x '
- Kitchen' x '
- Price
- $399,000
- MLS® number
- 10401493
- Property type
- Single-family home
- Ownership
- Freehold
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 1,506 sq ft
- Lot size
- 0.14 acres
- Frontage
- 50 feet
- Year built
- 1937
- Storeys
- 2
- Annual taxes
- $2,489
- Community
- Alexis Park, Vernon
- Parking
- Surfaced
- View
- City view
- Lot features
- Level lot
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Utilities
- Water, Sewer, Natural Gas, Electricity, Cable, Telephone
- Fencing
- Rail
- Parking details
- Surfaced
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.
- 4202 32 ST: To facilitate the demolition of a structure. As the structure is located within a Riparian Assessment Area, a Minor Development Permit is required. Application
- 4202 32 ST: To allow the existing structure to be repaired due to previous fire damage. 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 Realtymonx through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.