$2,480,000

6999 Cummins Road, Vernon

Okanagan Landing, Vernon, BC V1H1M9

Lot / land

Listed by Oakwyn Realty Okanagan-Letnick Estates · Bip Thind

About this property

Attention: Developers, Builders & Investors! Outstanding opportunity at 6999 Cummins Street in Vernon. This substantial site is zoned MUA – Multi-Unit Acreage: Small Scale, allowing detached, attached and multi-unit residential development up to 3 storeys. Under qualifying Class 4 servicing and Urban Containment Boundary conditions, density may reach 60 units/ha (24 units/acre). Preliminary planning has explored multiple development paths including a 2-parcel subdivision, ground-oriented townhomes and further subdivision concepts for the “handle” portion. Develop now, phase over time, subdivide or hold for future growth. A rare opportunity to secure a sizeable Vernon development property with multiple potential exit strategies. Development concepts are preliminary and subject to City approvals, servicing and buyer due diligence. (id:67417)

Property details

Price

$2,480,000

MLS® number

10400823

Property type

Lot / land · Other · Vacant Land

Ownership

Freehold

Lot size

3.1 acres · 3.1

Annual taxes

$7,733

Community

Okanagan Landing, Vernon

Features

Lot

Level lot, Irregular lot size

Water

Municipal water

Sewer

Municipal sewage system

Utilities

Water, Sewer, Natural Gas, Electricity, Cable

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