$5,250,000

Commercial For Sale In Vernon, British Columbia

$5,250,000

Property Information:

Exceptional 2.27-acre residential development opportunity in Okanagan Landing, Vernon. The property features a proposed 40-dwelling residential development designed as a modern, master-planned community offering a diversified mix of duplex, walk-out duplex, and stacked triplex-style buildings. The proposed development is designed as a building-strata project, creating the potential for individual residential units to be separately titled and sold upon completion, subject to final municipal approvals, subdivision/strata registration, and all applicable requirements. A significant amount of preliminary planning has already been completed. The current architectural and Development Permit package provides a valuable head start for a purchaser and includes site planning, architectural concepts, floor plans, elevations, building forms, exterior material concepts, landscaping concepts, and development rationale. The proposed housing mix is designed to appeal to a broad range of future purchasers, including families, downsizers, investors, and end users. A compelling opportunity for a builder or developer seeking a substantial residential project on 2.27 acres in Okanagan Landing, with much of the initial design and planning work already advanced. Flexible purchase options available: acquire the full package or purchase either 8-lot parcel separately—one supporting 16 total dwellings, and the other accommodating 24 total dwellings. (id:27)

Building Features:

  • Style: Mixed
  • Building Type: Residential Commercial Mix

Property Features:

  • Property Type: Other
  • Current Use: Mixed use
  • Irregular: Yes
  • Lot Size: 2.27 Acres
  • Utility Type: Water - Available, Sewer - Available, Natural Gas - Available, Hydro - Available
  • Sewer: Municipal sewage system

Courtesy of: Realtymonx

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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