5565 Okanagan Landing Road
Vernon, British Columbia
MLS® 10395031
$1,100,000
- Status
- Active
- Property type
- House
- MLS® number
- 10395031
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1964
1 / 20Listing description
Outstanding investment and redevelopment opportunity on approximately 0. 55 acres with Medium Scale Housing zoning, offering excellent potential for a 32-unit apartment development (buyer to verify development plans with the City of Vernon). The property includes a well-maintained 3-bedroom home currently rented for $2,600 per month to clean, reliable tenants, providing immediate cash flow while development plans are finalized.
This is an ideal holding property for developers and investors looking to generate income throughout the planning process. Strategically located on Okanagan Landing Road, the property is just minutes from Okanagan Lake, schools, parks, shopping, public transit, and downtown Vernon. Positioned within one of Vernon's fastest-growing areas, this site benefits from strong demand for higher-density housing and excellent access to amenities.
Whether you're an experienced developer or an investor seeking a high-potential land holding, this property offers an exceptional opportunity to secure a Medium Scale Housing development site with existing rental income in a highly desirable location.
Property summary
- MLS® number
- 10395031
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,630 sq ft
- Title
- Freehold
- Land size
- 0.55 acres
- Built in
- 1964
- Annual property taxes
- $3,749.96
- Days on market
- 57 days
Features & details
- Heating
- Forced air
- Architectural style
- Bungalow
What would this home cost you?
Based on the $1,100,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Coldwell Banker Executives Realty, Vernon.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.