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Vernon,BC V1T1P3
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision City Of Vernon
MLS Listing ID 10338341
Originating Board Association of Interior REALTORS®
Lot Size 0.490 Acres
Acres 21344.4
Property Sub-Type Freehold
Property Description
A rare and exciting development opportunity in a prime location! This lot offers incredible potential with zoning recently upgraded from RM1 (Row Housing Residential) to MUM (Multi-Unit: Medium Scale), allowing for greater density and up to 15 meters in height. Previously, preliminary plans were in place for a 3-storey, 6-unit row townhouse project, each offering 2,200 square feet, including a garage. With the new zoning, a condo building with ground-floor parking could now be considered, offering even more possibilities for future development. The Development Permit (DP) and Development Variance Permit (DVP) have expired, so a buyer will need to conduct due diligence with the City of Vernon to develop their own concept, but this is a fantastic investment opportunity with immense potential. Don't miss out on the chance to develop in this rapidly evolving area. (Photos of the original townhouse concept provided for reference.) (id:24570)
Location
Province BC
Zoning Multi-Family
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area,Pets Allowed,Rentals Allowed
View Y/N No
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Others
Ownership Freehold