About This Property
Welcome to an exceptional Development opportunity next to the Vernon Golf Course and the gateway to Kal Lake and rail trail! This large 1.9-acre parcel of land is zoned MUM which is suitable for a multi-unit residential development of approx 54 units and up to 4 stories. The 2 bed, 1 bath home on the property has been fully renovated and is ready to rent or occupy until your development is ready to build, then move it to another property! With easy access to Kalamalka Lake, beaches, world-class golf courses, ski resorts, wineries and all Vernon has to offer this location is ideal for this much needed development opportunity. (id:64973)
The $1,999,000 price tag for this 1.9-acre parcel in Vernon represents a competitive $1,053 per square foot, given the MUM zoning that allows for a multi-unit residential development of up to 54 units. This property is well-suited for experienced developers looking to capitalize on the high-demand Kal Lake area and take advantage of the existing 2-bed, 1-bath home that can be rented out until construction is ready to commence.
Property Details
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