Property Information:

(Holding property with redevelopment potential). This 0.29-acre rectangular lot—measuring 74.88 feet wide by 170 feet deep (12,831 sq. ft.)—offers exceptional redevelopment potential following a recent rezoning to MUM (Multi-Unit: Medium Scale). The new zoning permits increased density and building heights up to 15 meters, significantly enhancing the site’s development capacity. Previously, the property had preliminary plans for a 3-storey, 6-unit row townhouse project, with each unit designed at approximately 2,200 sq. ft. including a garage. Situated in a rapidly evolving neighborhood. Concept images of the original townhouse design are available upon request. Additionally, assembly with the neighboring property creates the potential for a 54–72 unit apartment development, substantially increasing overall project scale and value. Acquiring both parcels together represents a significant value-add opportunity for developers and investors. (The interior needs a substantial update, the exterior appears to be in reasonable condition). Renovation potential, rental potential, value-add opportunity, ready for your vision. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Other
Fireplace: Yes
Floor Space: 2962 sqft
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4
Bathrooms: 2
Half Bathrooms: 1
Access Type: Highway access
Amenities Nearby: Public Transit, Recreation
Built in: 1930
Community Features: High Traffic Area, Rural Setting, Pets Allowed, Rentals Allowed
Fence Type: Chain link, Other
Floor Space (approx): 2962 Square Feet
Irregular: Yes
Lot Frontage: 76 Feet
Lot Size: 0.29 Acres
Utility Type: Water - Available, Cable - Available, Natural Gas - Available, Telephone - Available, Sewer - Available, Hydro - Available
Sewer: Municipal sewage system
Parking Type: RV
No. of Parking Spaces: 4

Rooms:

Foyer 2nd Level 10'1'' x 8'1''
Bedroom 2nd Level 10'1'' x 10'1''
Bedroom 2nd Level 10'1'' x 13'4''
Other Basement Level 38'8'' x 28'7''
Other Main Level 21'7'' x 18'7''
Foyer Main Level 5'5'' x 15'6''
Living Main Level 15'6'' x 16'7''
Bedroom Main Level 13'1'' x 13'10''
Bathroom Main Level 7'3'' x 9'3''
Foyer Main Level 8'9'' x 3'1''
Bathroom Main Level 9'3'' x 7'3''
Primary Bedroom Main Level 15'5'' x 13'1''
Dining Main Level 15'4'' x 7'4''
Kitchen Main Level 10'9'' x 15'7''
Living Main Level 16'7'' x 15'6''

Courtesy of: Coldwell Banker Executives Realty

More Detail

Less Detail

Demographic Information of 3708 25 Avenue, Vernon, British Columbia, V1T 1P3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$79,251.08

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.74 %

High school certificate or equivalent

36.15 %

Apprenticeship trade certificate/diploma

7.76 %

College/non-university certificate

21.78 %

University certificate (below bachelor)

0.27 %

University Degree

6.31 %

Commuter

Travel To Work

By Car

80.18 %

By Public Transit

0.07 %

By Walking

12.81 %

By Bicycle

1.23 %

By Other Methods

5.71 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

60.49 %

Houses

39.51 %

3708 25 Avenue, Vernon, British Columbia, V1T 1P3