About This Property
Fantastic residential development site with outstanding lake views. 2.81 Acres zoned MUA which allows 24 units per acre. Panhandle access of the cul de sac on Jasper Drive. Suitable for level entry with walkout basement style homes. (id:64973)
The asking price of $1,290,000 for this 2.81-acre vacant land in Vernon translates to roughly $459 per square foot, which is significantly higher than the city's average land value. However, the property's MUA zoning and potential for up to 24 units per acre make it an attractive development opportunity for builders and investors. This land is best suited for experienced real estate developers or investors who can effectively navigate the approval process and maximize the site's density potential, potentially realizing strong returns through the construction and sale or rental of residential units.
Property Details
Location
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