This other in Vernon offers 1,344 sqft of living area on a 0.14 ac lot. Built in 1969. The property has lot dimensions of 0.14. The home features other heating, central air conditioning. Highlights include a 10-car garage.
Prime development site in Vernon’s rapidly growing core. Zoned CMUB, this property supports an 8-storey mixed-use development with flexibility for commercial and multifamily uses. Its central location delivers outstanding visibility and access, making it ideal for retail, office or residential projects. A secure tenant is in place, generating $42,351.00 in annual Net Operating Income (NOI), allowing the property to function as a strategic holding asset while plans are developed. This is a rare opportunity to secure a site offering both immediate revenue and long-term development potential in one of the Okanagan’s most active growth corridors. Please do not approach the tenant or staff regarding the sale. (id:60351)
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Listed by Jody Wright, Rennie & Associates Realty
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Listing represented by Jody Wright, Rennie & Associates Realty · MLS# 10365281
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.