Property Information:

An exceptional opportunity for developers, builders, and forward-thinking investors. 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 corridors. Whether you're ready to build immediately or looking to secure a high-upside land holding, this property provides flexibility and 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. Whether your vision is a purpose-built rental project, multi-family development, or a strategic land investment, 3802 32nd Avenue offers the location, zoning, and long-term potential to make your next project a success. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Rancher
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Wood
Fireplace Fuel: Unknown
Fireplace Type: Decorative
Floor Space: 696 sqft
Flooring Type: Linoleum, Wood, Tile
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Baseboard heaters
Appliances: Refrigerator, Dryer, Oven - Electric, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 1
Bathrooms: 1
Built in: 1908
Community Features: Pets Allowed, Rentals Allowed
Fence Type: Fence
Floor Space (approx): 696 Square Feet
Irregular: Yes
Lot Size: 0.22 Acres
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 1

Rooms:

Other Main Level 8' x 7'8''
Foyer Main Level 5'6'' x 4'
Laundry Main Level 6' x 5'6''
Primary Bedroom Main Level 10'8'' x 9'
Bathroom Main Level 9' x 7'
Living Main Level 14' x 12'
Dining Main Level 6' x 6'
Kitchen Main Level 14' x 7'

Courtesy of: RE/MAX Vernon

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Demographic Information of 3802 32 Avenue, Vernon, British Columbia, V1T 2N3

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$72,710.20

Average Number of Children

1.42

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.99 %

High school certificate or equivalent

34.16 %

Apprenticeship trade certificate/diploma

8.86 %

College/non-university certificate

22.63 %

University certificate (below bachelor)

0.6 %

University Degree

7.77 %

Commuter

Travel To Work

By Car

82.73 %

By Public Transit

0.63 %

By Walking

10.15 %

By Bicycle

3.1 %

By Other Methods

3.39 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

78.93 %

Houses

21.07 %

3802 32 Avenue, Vernon, British Columbia, V1T 2N3