2,500 SF lot, currently used for tenant parking adjacent to an income-producing corner property with a diversified revenue stream from six residential suites (2x1-bedroom units & 4x-bachelor units) and seven smaller, easily leasable commercial units. (MLS# 10339927). Properties must be purchased together. The building is 9,878 SF on a 10,000 SF lot, and has a prime downtown Vernon location, steps from Justice Park and within walking distance to Polson Park, the Vernon Public Library, and Okanagan Spring Brewery. Surrounded by retail, dining, and professional services. Both properties together have a future development potential up to 16 stories / FAR 5.0 under Official Community Plan. Flexible Mixed-Use Commercial zoning allows for a wide range of uses, including residential and mixed-use housing, cannabis retail, commercial storage, food & beverage services, liquor stores, manufacturing, and major indoor entertainment. (38412647)
Property Type
Vacant Land
Neighbourhood Name
City of Vernon
Land Size
0.06 ac|under 1 acre
Annual Property Taxes
$2,518.09 (CAD)
Time on REALTOR.ca
2 days
Get a taste for the neighbourhood where this listing is located.
The following neighbourhood demographic information is provided by a third-party supplier based on census data from Statistics Canada.
No demographic information is available for this specific location.
Demographics data is temporarily unavailable
This calculator is for demonstration purposes only. The Canadian Real Estate Association does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.