Description
INVESTOR & DEVELOPMENT POTENTIAL! PRICED $250,000 BELOW ASSESSED VALUE, WITH THE LAND ALONE ASSESSED AT $340,000! Bring your ideas, builder, and contractor to this exciting opportunity in Vernon's desirable East Hill neighbourhood. Offering approximately 2,320 sq. ft. of total living space, this property is zoned MUS (Multi-Unit: Small Scale), providing an opportunity to explore a variety of residential redevelopment possibilities, subject to City of Vernon requirements, approvals, lot characteristics, and applicable development regulations. The existing home offers 5 bedrooms, with 3 on the main level and 2 downstairs, plus a separate basement entrance offering excellent suite potential. Inside, you'll find hardwood flooring through the kitchen and dining area, dark maple cabinetry, and a sunken living room with a decorative fireplace. Recent upgrades include a brand-new hot water tank (2026) and a brand-new garage roof (2026). Located within walking distance of Silver Star Elementary and Vernon Secondary School, with transit nearby and convenient access to downtown Vernon and everyday amenities. Whether you're looking for a renovation project, investment property, or future development opportunity, bring your ideas and explore the possibilities! Buyers to complete their own due diligence regarding zoning, permitted uses, density, development potential, and approvals with the City of Vernon. (id:374)
Details
| MLS # | 10401688 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1974 |
| Days On Site | 38 |
| Listing Provided By | REMAX Kelowna | Gabriel Makortoff |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,199 |
| Garage | 4 |
| Story(s) | 1 |
| Acreage | 0.17 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | Yes |
| Fireplace Features | Wood, Gas, Conventional, Unknown |
| Fireplaces Total | 2 |
Exterior
| Roof | Asphalt shingle, Unknown |
|---|---|
| Lot Features | Level lot, Corner Site, Central island |
Parking
| Parking Features | Attached Garage, Additional Parking |
|---|---|
| Parking Total | 4 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4644 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1T7L5 |
| Listing VS Median (in V1T7L5) | |
Price: $550,000 low | high Med: $550,000 sqft: 1,199 low | high Med: 1,199 $ / sqft: $459 low | high Med: $459 On site: 38 low | high Med: 38 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1T7L5 |
| Listing VS Median (in V1T7L5) | |
Price: $550,000 low | high Med: $550,000 sqft: 1,199 low | high Med: 1,199 $ / sqft: $459 low | high Med: $459 On site: 38 low | high Med: 38 | |