$399,000
Exceptional infill development opportunity in a convenient central Vernon location, offered at a price below the current City-assessed value. Situated on a 50’ x 125’ lot (approximately 6,250 sq. ft.), this property features MUS (Multi-Unit Small Scale) zoning, providing flexibility for a range of small-scale multi-unit residential development options up to three storeys. With potential to develop a 4-plex, this centrally located property presents an attractive opportunity for builders, developers, and investors looking for redevelopment potential at a competitive price point below assessed value. The location offers excellent everyday convenience within a well-established and highly walkable neighbourhood. Safeway, Alexis Park Elementary, Kal Tire Place, shopping, services, and the new recreation centre currently under construction are all nearby. Whether you are looking to develop in the near term or secure a centrally located property with future redevelopment potential, this site offers an attractive combination of flexible zoning, multi-unit potential, central location, and compelling land value. An excellent opportunity to secure a potential multi-unit development property in the heart of Vernon at an attractive price. ""Value is primarily in the land and redevelopment potential"" (id:64133)
-
Property Details
MLS® Number 10401493 Property Type Single Family Neigbourhood Alexis Park AmenitiesNearBy Public Transit, Recreation, Schools, Shopping Features Level Lot ViewType City View -
Building
Bathroom Total 1 Bedrooms Total 2 Constructed Date 1937 Construction Style Attachment Detached Heating Type See Remarks Stories Total 2 Size Interior 1,506 Sqft Type House Utility Water Municipal Water Parking
Surfaced -
Land
Access Type Easy Access Acreage No Fence Type Rail Land Amenities Public Transit, Recreation, Schools, Shopping Landscape Features Level Sewer Municipal Sewage System Size Frontage 50 Ft Size Irregular 0.14 Size Total 0.14 Ac|under 1 Acre Size Total Text 0.14 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Main Level Bedroom ' x ' Main Level Living Room ' x ' Main Level Full Bathroom ' x ' Main Level Primary Bedroom ' x ' Main Level Kitchen ' x ' -
Utilities
Cable At Lot Line Electricity At Lot Line Natural Gas At Lot Line Telephone At Lot Line Sewer Available Water At Lot Line
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
Your Favourites
No Favourites Found
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 21 2026 07:33:17
Association of Interior REALTORS®
