About This Property
DEVELOPER ALERT: A rare 2.35-acre development levelled site in the Okanagan Landing area, surrounded by established neighbourhoods, new residential growth and key community amenities. Approved for 23 single-family homes with suites, or 46 duplex units. This site also has potential for up to 60 townhomes or multi-family units under MUA zoning, subject to City approval. Stomwater, water, and sewer services have been extended to the area (Phase 2) from Okanagan Landing Road, helping to reduce off-site requirements. Additional servicing access available via the 7000 Apollo Rd Subdivision. Walking distance to schools, parks, playgrounds, transit, and multi-use pathways. Minutes from groceries, fitness centers, Elementary and High School, Kin Beach, Paddwheel Park, Marshall Fields, Boat Launches and commercial amenities. An exceptional opportunity in one of Vernon's most desirable corridors that offers outstanding lifestyle appeal and substantial long-term value. (id:64973)
The $3.5 million price tag for this 2.35-acre development site in Vernon's Okanagan Landing area represents a compelling value proposition, offering a cost of just over $1,500 per buildable unit under the approved 23-home plan. Given the strategic location surrounded by growing residential neighborhoods and community amenities, this property presents an attractive opportunity for experienced developers seeking to capitalize on Vernon's dynamic real estate market.
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