Rare re-development acquisition opportunity for just under half an acre of multi-unit zoned residential development land. One of the few redevelopment sites ever offered on the East Hill in Vernon. Excellent location, close to town, this rectangular 120 by 182-foot, 0.49-acre, 21,344 SF site with 117 ft of frontage comes improved with a 5,569 square foot, 2-storey, 8-suite, multifamily apartment building that produces good holding income with a suite mix of Five (5) 1-bedroom suites and three (3) studios. The new MUS – Multi-unit: Small Scale zoning allows for a range of small-scale housing development up to 3 Storeys in Height, including detached, attached, and multi-unit housing on lots under 4,050 square meters (1 acre) Zoning permits up to 24 Dwelling Units per acre which makes the site suitable for 12 Strata Title Units. Property not in Heritage Registry. Foundation is poured concrete encased rock, interior finishes include painted wood panel with wainscot/chair railed areas and a mix of carpet, vinyl, laminate, hardwood & tile flooring. Don't miss this rare opportunity. (id:35966)
2003 37 AvenueVernon, British Columbia, V1T2W9
Listing Details
Property Details
- Full Address:
- 2003 37 Avenue, Vernon, British Columbia
- Price:
- $ 1,800,000
- MLS Number:
- 10346447
- List Date:
- May 8th, 2025
- Neighbourhood:
- East Hill
- Lot Size:
- 0.49 ac
- Year Built:
- 1910
Interior Features
- Flooring:
- Carpeted, Wood, Mixed Flooring
- Heating:
- Radiant heat, See remarks
Building Features
- Storeys:
- 1.5
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Roof:
- Asphalt shingle, Unknown
- Zoning:
- Unknown
- Exterior:
- Wood siding, Cedar Siding
- Garage:
- Carport, Rear
- Garage Spaces:
- 8
- Ownership Type:
- Freehold
Floors
- Finished Area:
- 5569 sq.ft.
Land
- View:
- City view, Mountain view
- Lot Size:
- 0.49 ac
Neighbourhood Features
- Amenities Nearby:
- Family Oriented
Ratings
Commercial Info
Location
Neighbourhood Details
REALTOR® Details
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