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:4069)
Address
2003 37 Avenue
List Price
$1,800,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
British Columbia
Sub-Area
Vernon
Floor Area
5,569 Sq. Ft.
Lot Size
0.49 Sq. Ft.
Year Built
1910
MLS® Number
10346447
Listing Brokerage
NAI Commercial Okanagan Ltd.
Postal Code
V1T2W9
Site Influences
Public Transit, Park, Recreation, Schools, Shopping, View
Features
Private setting, Treed
