5565 Okanagan Landing Road

Compared against 1,520 active house listings with list price and interior square footage available in the MLS mirror.

Outstanding investment and redevelopment opportunity on approximately 0.55 acres with Medium Scale Housing zoning, offering excellent potential for a 32-unit apartment development (buyer to verify development plans with the City of Vernon).The property includes a well-maintained 3-bedroom home currently rented for $2,600 per month to clean, reliable tenants, providing immediate cash flow while development plans are finalized. This is an ideal holding property for developers and investors looking to generate income throughout the planning process. Strategically located on Okanagan Landing Road, the property is just minutes from Okanagan Lake, schools, parks, shopping, public transit, and downtown Vernon. Positioned within one of Vernon's fastest-growing areas, this site benefits from strong demand for higher-density housing and excellent access to amenities. Whether you're an experienced developer or an investor seeking a high-potential land holding, this property offers an exceptional opportunity to secure a Medium Scale Housing development site with existing rental income in a highly desirable location. (id:65835)

Property Type

Single Family

Building Type

House

Storeys

1

Square Footage

1,630 square feet

Neighbourhood

Okanagan Landing

Title

Freehold

Land Size

1 acres

Built in

1964

Annual Property Taxes

$3,750

Time on REALTOR.ca

30 days