3708 25 Avenue, Vernon, British Columbia, V1T 1P3
$550,000MLS® # 10374066
House For Sale In Vernon, British Columbia
4
Bedrooms
2
Baths
-
0.29 Acres
Lot Size
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
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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
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