About this home
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 & things to check
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.
Living at 4203 34 Street
Neighbourhood scores
8.5 / 10Walk & bike score: 7.5 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
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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.
Room sizes
Main level · 5 rooms
- Bedroom' x '
- Living room' x '
- Full bathroom' x '
- Primary Bedroom' x '
- Kitchen' x '
Property details
- Price
- $399,000
- MLS® number
- 10401493
- Property type
- Single-family home · House · Single Family
- Ownership
- Freehold
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 1,506 sq ft
- Lot size
- 0.14 acres · 0.14
- Frontage
- 50 feet
- Year built
- 1937
- Storeys
- 2
- Annual taxes
- $2,489
- Community
- Alexis Park, Vernon
Features
- Heating
- See remarks
- Parking
- Surfaced
- View
- City view
- Lot
- Level lot
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Utilities
- Water, Sewer, Natural Gas, Electricity, Cable, Telephone
- Fencing
- Rail
City of Vernon map facts
- Zoning
- Multi-Unit: Small Scale (MUS). See what this zone allows, including suites
- Future plans (OCP 2025)
- Village Centre
- City neighbourhood
- Alexis Park
- Flood hazard area
- No, not in the City’s flood hazard permit area.
- Wildfire hazard area
- No
- Nearest fire hall
- About 0.8 km away (Fire Hall 1), straight-line distance. Inside the 10-minute response area for Station 1 (Downtown). A nearby fire hall matters for home insurance and for emergencies: firefighters are often first on scene for medical calls too.
- Garbage and organics
- Monday Biweekly Garbage Pickup (Week 1 of 2), Monday Weekly Organics Pickup
- What’s planned nearby
- 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
From the City of Vernon’s public maps, checked 2026-10-22. Not part of the MLS® listing. Please confirm anything important with the City of Vernon.
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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.