#3805 3803 32nd Avenue, Vernon, British Columbia V1T 2N2

  • #3805 3803 32nd Avenue,, Vernon, British Columbia  V1T 2N2 - Photo 1 - 10265537
  • #3805 3803 32nd Avenue,, Vernon, British Columbia  V1T 2N2 - Photo 2 - 10265537
  • #3805 3803 32nd Avenue,, Vernon, British Columbia  V1T 2N2 - Photo 3 - 10265537
  • #3805 3803 32nd Avenue,, Vernon, British Columbia  V1T 2N2 - Photo 4 - 10265537
  • #3805 3803 32nd Avenue,, Vernon, British Columbia  V1T 2N2 - Photo 5 - 10265537
  • #3805 3803 32nd Avenue,, Vernon, British Columbia  V1T 2N2 - Photo 6 - 10265537
  • #3805 3803 32nd Avenue,, Vernon, British Columbia  V1T 2N2 - Photo 7 - 10265537

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Contact us for more information



$2,225,000

Acquire this prime multi-family development site in Alexis park. 0.85 acre gently sloped, easily developed 36,000 ft parcel is zoned RH1 with 65% lot coverage allowing a 4-story 54,000 sqft building. 800 ft2 per dwelling unit, will translate to 65 units. The price per buildable foot is approx 42 dollars, just under $35,000 per unit making this the most economically viable development site in the Okanagan. Enjoy over $100,000 in annual rental revenue while your development plans take shape. All value is derived from the land. The two buildings and their revenue is purely a bonus. The location is located with Turtle Mountain as a backdrop, next to a convenience store, and on a bus route. Site will make for a wonderful purpose-built rental project aimed at affordable housing. Take advantage of CMHC programs that offer some very nice incentives for developers building this type of property. Sellers have priced this property for immediate sale. Their loss is your gain! Call today. (id:42341)


  • Property Details

    MLS® Number 10265537
    Property Type Multi-family
    Neigbourhood City of Vernon
    Amenities Near By Golf Course, Shopping
    Features Central Location
  • Building

    Constructed Date 1950
    Type Multi-family
  • Land

    Access Type Easy Access
    Acreage No
    Land Amenities Golf Course, Shopping
    Size Irregular 0.76
    Size Total 0.76 Ac|under 1 Acre
    Size Total Text 0.76 Ac|under 1 Acre
  • Utilities

    Sewer Available

Mark Gidden
Realtor/Founder

Lloyd Taverner
Realtor/Senior Partner

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TESTIMONIALS

Our Valued Clients

  • Ashley Harvey

    Mark and his team helped us find our forever home, and we are so grateful for his experience and expertise. Mark was so patient while our infant cried while we hunted for the perfect house. We will use Mark and his team for years to come.


  • Jen Platman

    Lloyd was the best realtor we’ve ever worked with. He understands people and takes the time to listen. He was extremely helpful and made the process stress-free and seamless. Lloyd goes above and beyond for his clients and it shows. He truly enjoys what he does, he’s honest and makes you feel at ease. Our new home is our castle and Lloyd did everything to help us get there. This guy is real gem!


  • Tom S

    Mark helped us look for, negotiate, and purchase our family home. He was diligent, extremely professional and has an unsurpassed knowledge of the Kelowna and wider Okanagan areas. His name is mentioned anytime we have a friend looking to buy or sell their home. Many thanks Mark.