$949,000

2024 Appraisal on file for $950,000. Seller is licensed in the province of BC. Excellent multifamily, redevelopment opportunity across the road from Kin beach. Collect rent up and down while you wait to redevelop or go through the process. Or live a few steps from the beach. The main floor boasts a fully renovated 2-bedroom suite, complete with new flooring, new kitchen and fresh paint. The basement suite includes 2 bedrooms, 1 bathroom, and a generous family room. This property stands as a prime opportunity in the heart of Vernon's Waterfront Neighborhood Centre Plan that is up and coming in the near future. The city is open to Residential Medium Density zoning. offering unmatched flexibility for developers and investors alike. Zoning supports a broad range of high-return projects, all enhanced by panoramic lake views and immediate access to one of the region’s most scenic lakefront corridors. The value in this property is all about the potential. This whole corridor is slated for redevelopment. With a new high-rise apartment building just down the road, the potential has already started rising. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10384198
  Property Type	Other
  Neigbourhood	Okanagan Landing
  AmenitiesNearBy	Public Transit, Park, Recreation, Schools, Shopping
  CommunityFeatures	Family Oriented
  Features	Level Lot
  ParkingSpaceTotal	10

• Building

  Heating Type	Baseboard Heaters
  Type	Residential Commercial Mix
  Utility Water	Well

• Land

  Access Type	Easy Access
  Acreage	No
  Current Use	Mixed Use
  Land Amenities	Public Transit, Park, Recreation, Schools, Shopping
  Landscape Features	Level
  Sewer	Municipal Sewage System
  Size Irregular	0.41
  Size Total	0.41 Ac|under 1 Acre
  Size Total Text	0.41 Ac|under 1 Acre

• Utilities

  Cable	Available
  Electricity	Available
  Natural Gas	Available
  Telephone	Available
  Sewer	Available
  Water	Available