Rare re-development acquisition opportunity for just under half an acre of multi-unit zoned residential development land. One of the few redevelopment sites ever offered on the East Hill in Vernon. Excellent location, close to town, this rectangular 120 by 182-foot, 0.49-acre, 21,344 SF site with 117 ft of frontage comes improved with a 5,569 square foot, 2-storey, 8-suite, multifamily apartment building that produces good holding income with a suite mix of five (5) 1-bedroom suites and three (3) studios. The new MUS - Multi-unit: Small Scale zoning allows for a range of small-scale housing development up to 3 Storeys in Height, including detached, attached, and multi-unit housing on lots under 4,050 square meters (1 acre) Zoning permits up to 24 Dwelling Units per acre which makes the site suitable for 12 Strata Title Units. Property not in Heritage Registry. Don't miss this rare opportunity.
Lot/land
C$1,800,000
2003 37th Ave, Vernon, BC V1T 2W9
--beds
--baths
0.49Acres
Unimproved Land
Built in ----
0.49 Acres Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Excellent location
- 88 days
- on Zillow |
- 9 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 05:04pm
Listed by:
Damon Stamboulieh,
NAI Commercial Okanagan Ltd.
Source: Association of Interior REALTORS,MLS®#: 10346557Originating MLS®#: Association of Interior REALTORS
Travel times
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Has view: Yes
- View description: City, Mountain(s)
- Waterfront features: None
Lot
- Size: 0.49 Acres
- Dimensions: 120.00 x 182.00
- Features: Central Business District, Easy Access, Landscaped, Near Park, Private, Near Public Transit, Rolling Slope, Secluded, Views
- Topography: Hill
Details
- Additional structures: Shed(s)
- Parcel number: 010694587
- Zoning: R-2
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Water Available, Cable Available
Community & HOA
Community
- Features: Near Schools, Park, Recreation Area, Shopping
HOA
- Has HOA: No
Location
- Region: Vernon
Financial & listing details
- Annual tax amount: C$3,151
- Date on market: 5/8/2025
- Ownership: Freehold,Fee Simple
- Road surface type: Paved
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