About This Property
Located in Vernon’s highly desirable East Hill neighbourhood, this 50’ x 50’ residential lot offers an excellent opportunity for your next project. Zoned for a full duplex, the flat, build-ready property is ideally situated within walking distance to downtown, schools, and parks. Looking to expand your vision? The neighbouring lot is also available, presenting the potential to develop a fourplex and maximize density. A prime opportunity for builders and developers seeking a well-located infill project in an established neighbourhood. (id:64973)
The $258,000 price tag for this 0.06-acre lot in Vernon's desirable East Hill neighbourhood translates to an attractive $103 per square foot, well below the city's average vacant land prices. This property presents a compelling opportunity for builders and developers seeking to maximize density and capitalize on the area's proximity to downtown amenities. Given the lot's flat, build-ready condition and zoning for a full duplex, this asset is best suited for experienced investors or builders looking to create a multi-unit project that can cater to the growing demand for housing in Vernon's thriving real estate market.
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