2003 37 Avenue Vernon, British Columbia V1T 2W9
$1,800,000
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. Foundation is poured concrete encased rock, interior finishes include painted wood panel with wainscot/chair railed areas and a mix of carpet, vinyl, laminate, hardwood & tile flooring. Don't miss this rare opportunity. (id:27818)
Property Details
| MLS® Number | 10346447 |
| Property Type | Multi-family |
| Neigbourhood | East Hill |
| Amenities Near By | Public Transit, Park, Recreation, Schools, Shopping |
| Community Features | Family Oriented |
| Features | Private Setting, Treed |
| Parking Space Total | 8 |
| View Type | City View, Mountain View |
Building
| Constructed Date | 1910 |
| Exterior Finish | Cedar Siding, Wood Siding |
| Fire Protection | Security System, Smoke Detector Only |
| Flooring Type | Carpeted, Mixed Flooring, Wood |
| Heating Type | Radiant Heat, See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Size Interior | 5569 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Carport | |
| Rear |
Land
| Access Type | Easy Access |
| Acreage | No |
| Land Amenities | Public Transit, Park, Recreation, Schools, Shopping |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Frontage | 120 Ft |
| Size Irregular | 0.49 |
| Size Total | 0.49 Ac|under 1 Acre |
| Size Total Text | 0.49 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/28280448/2003-37-avenue-vernon-east-hill
Interested?
Contact us for more information
Damon Stamboulieh
200 - 1740 Gordon Drive
Kelowna, British Columbia V1Y 3H2
(250) 868-1879
(888) 877-4805
naiokanagan.ca/
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May 08 2025 03:59:54
Okanagan-Mainline Real Estate Board
Nai Commercial Okanagan Ltd.