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Vernon,BC V1T4J3
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,697 sqft
Price per Sqft $441
Subdivision Harwood
MLS Listing ID 10308397
Bedrooms 5
Year Built 1955
Lot Size 7,405 Sqft
Property Description
Attention developers and builders! Here's your chance to capitalize on an exceptional opportunity with this 7200 square foot lot boasting MUS zoning. Nestled in a sought- after neighborhood, this property presents a lucrative investment prospect with immense potential for redevelopment. Zoning allows for the construction of 4 units, providing a solid foundation for development opportunities. Stay ahead of the curve with the possibility of more units when the new BC Govt regulations come into full effect, maximizing the return on your investment. This properties prime location offers easy access and walking distance to amenities, transportation & schools, making it an attractive choice for prospective homeowners or tenants. The existing 1955 home, in need of updating, offers a solid base with 5 bedrooms and 2 bathrooms. While the value lies primarily in the land for redevelopment, the current home presents a potential revenue stream during the planning and permitting stages. Enhancing the property is a detached garage with a workshop area or as a garden shed. Enjoy the charm of raised gardens in the backyard, providing a tranquil retreat or potential green space for future residents. Unlock the full potential of this property and capitalize on the burgeoning demand for housing in this desirable area. Whether you're looking to build multi-family units, explore alternative development options or update the existing home, this is a rare opportunity not to be missed, as is where is. (id:24570)
Location
Province BC
Zoning Residential
Interior
Heating Forced air,See remarks
Cooling Central air conditioning
Flooring Mixed Flooring
Fireplaces Type Free Standing Metal
Exterior
Garage Yes
Garage Spaces 1.0
Garage Description 1
Fence Fence
Community Features Family Oriented,Pets Allowed
Waterfront No
View Y/N No
Building
Lot Description Landscaped,Level
Story 2
Sewer Municipal sewage system