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$ 629,900
Est. payment | /mo
0.29 Acres Lot
$ 629,900
Est. payment | /mo
0.29 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision City Of Vernon
MLS® Listing ID 10338341
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Freehold
Source Association of Interior REALTORS®
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
Listed by Coldwell Banker Executives Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada