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Royal LePage
Royal LePage
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$650,000

2 Beds

1 Bath

843 FEETSQ

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Vernon BC, V1T 5A2

MLS® # 10358426

Property Information:

Outstanding redevelopment opportunity in Vernon’s downtown-adjacent area. This property is zoned CMUB (Commercial Mixed Use: Business), allowing for a wide variety of uses including multi-unit housing, mixed-use residential, office, retail, food and beverage, health services, and more. Notably, the zoning permits Small Scale Multi-Unit Housing on lots under 1,000 m² in this area, providing added flexibility for residential development. With density up to 3.5 FAR and height permitted to 6 storeys, the site offers excellent potential for a medium-scale mixed-use or residential project. The existing structure, approximately 842 sq ft on the main level with 2 bedrooms, 1 bathroom, and a kitchen, is currently used as office space. A full unfinished basement (764 sq ft) provides additional storage, offering holding income or interim usability while development plans are advanced. Positioned in a high-visibility location close to Vernon’s downtown core, this property is ideally situated to take advantage of the city’s ongoing growth and revitalization. A rare chance to secure a commercially zoned site with strong development upside. Note: Business occupying the property is not for sale. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Other
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Floor Space: 843 sqft
  • Heating Type: Forced air
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 2
  • Bathrooms: 1
  • Built in: 1951
  • Floor Space (approx): 843 Square Feet
  • Sewer: Municipal sewage system
  • Parking Type: Rear, RV
  • No. of Parking Spaces: 6

Rooms:

  • Utility Basement Level 15'2'' x 16'7''
  • Storage Basement Level 16'10'' x 7'10''
  • Storage Basement Level 2'7'' x 7'10''
  • Storage Basement Level 16'10'' x 24'10''
  • Bedroom Main Level 9'9'' x 12'1''
  • Primary Bedroom Main Level 11'8'' x 11'10''
  • Living Main Level 15'3'' x 12'0''
  • Kitchen Main Level 9'9'' x 15'2''
  • Bathroom Main Level 5'2'' x 7'10''

Courtesy of: Oakwyn Realty Okanagan

REALTOR.ca  

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Location of 3703 28A Street, Vernon, British Columbia, V1T 5A2

Demographic Information of 3703 28A Street, Vernon, British Columbia, V1T 5A2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$72,952.26

Average Number of Children

1.50

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.06 %

High school certificate or equivalent

36.45 %

Apprenticeship trade certificate/diploma

7.48 %

College/non-university certificate

20.62 %

University Degree

9.39 %

Commuter

Travel To Work

By Car

73.48 %

By Public Transit

1.47 %

By Walking

19.81 %

By Bicycle

1.47 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

67.46 %

Houses

32.54 %

Own Vs. Rent

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