About This Property
Panoramic Views!! Rare opportunity to secure a nearly 1-acre lot overlooking Okanagan Lake. Exceptional development potential with the possibility to build **2 duplexes** on this spacious parcel—maximize both density and investment value in a highly desirable location. Ideally situated close to all amenities including the Yacht Club, boat launch, picnic areas, tennis and basketball courts, golf courses, rail trail, pickleball courts, beaches, and schools. Whether you choose to build a stunning private estate or develop two duplexes for income or resale, this property offers flexibility and incredible upside. Power available at the lot line. (id:64973)
The $899,000 price tag for this nearly one-acre Vernon lot equates to around $920 per square foot, which is significantly higher than the city's average vacant land price. However, the exceptional panoramic lake views and development potential for two duplexes make this a compelling investment opportunity for savvy real estate developers seeking to maximize density and returns in a prime Okanagan location. This property would be well-suited for experienced investors or builders looking to capitalize on the strong regional demand for residential development, as the ability to construct two rental units on the large lot could generate attractive long-term cash flows in the popular Okanagan Landing area.
Property Details
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