1 Bedrooms

1 Bathrooms

696 sqft

$449,900

An exceptional opportunity for First time Buyer's, Single adults, those looking to increase their Real Estate porfolio and forward-thinking investors. The home presents comfort character & charm along with a large private city lot. A strategically located property in the heart of Vernon, 3802 32nd Avenue is zoned MUS (Multi-Unit Small Scale), with recently updated roads, sidewalks, alley way & services at lot line it offers tremendous redevelopment potential in one of the City's evolving growth areas. Whether you're looking to live in, ready to build or secure a high-upside land holding, this property provides flexibility & future value. The existing home can generate rental income while completing development planning. The zoning & development potential make it the perfect candidate for higher-density housing. Buyers are encouraged to explore opportunities under the CMHC MLI Select financing program, which may offer attractive financing options for qualifying purpose-built rental developments. The property offers the potential for a Floor Area Ratio (FAR) of up to 3.0, allowing for over 28,000 sq. ft. of buildable floor area. Located just minutes from downtown Vernon, shopping, schools, transit, parks, and everyday amenities, this is a rare opportunity to acquire a redevelopment site in a community experiencing significant residential growth & increasing demand for new housing. Live comfortably close to work and town, future development or holding value 3802 32 Ave has it!! (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10393527
  Property Type	Single Family
  Neigbourhood	City of Vernon
  CommunityFeatures	Pets Allowed, Rentals Allowed
  ParkingSpaceTotal	1

• Building

  Bathroom Total	1
  Bedrooms Total	1
  Appliances	Refrigerator, Dryer, Oven - Electric, Washer
  Architectural Style	Ranch
  Basement Type	Full
  Constructed Date	1908
  Construction Style Attachment	Detached
  Exterior Finish	Wood
  Fireplace Fuel	Unknown
  Fireplace Present	Yes
  Fireplace Total	1
  Fireplace Type	Decorative
  Flooring Type	Linoleum, Wood, Tile
  Heating Type	Baseboard Heaters
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Stories Total	1
  Size Interior	696 Sqft
  Type	House
  Utility Water	Municipal Water

  Parking

  Additional Parking
  Detached Garage	1

• Land

  Acreage	No
  Fence Type	Fence
  Sewer	Municipal Sewage System
  Size Irregular	0.22
  Size Total	0.22 Ac|under 1 Acre
  Size Total Text	0.22 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Main Level	Other			8' x 7'8''
  Main Level	Foyer			5'6'' x 4'
  Main Level	Laundry Room			6' x 5'6''
  Main Level	Primary Bedroom			10'8'' x 9'
  Main Level	4pc Bathroom			9' x 7'
  Main Level	Living Room			14' x 12'
  Main Level	Dining Room			6' x 6'
  Main Level	Kitchen			14' x 7'