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3708 25TH Avenue
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3708 25TH Avenue $749,000
22 hours ago
$749,000
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3708 25TH Avenue
Vernon, British Columbia V1T1P3

MLS® Number: 10338341

Listing Description

A rare and exciting development opportunity in a prime location! This lot offers incredible potential with zoning recently upgraded from RM1 (Row Housing Residential) to MUM (Multi-Unit: Medium Scale), allowing for greater density and up to 15 meters in height. Previously, preliminary plans were in place for a 3-storey, 6-unit row townhouse project, each offering 2,200 square feet, including a garage. With the new zoning, a condo building with ground-floor parking could now be considered, offering even more possibilities for future development. The Development Permit (DP) and Development Variance Permit (DVP) have expired, so a buyer will need to conduct due diligence with the City of Vernon to develop their own concept, but this is a fantastic investment opportunity with immense potential. Don’t miss out on the chance to develop in this rapidly evolving area. (Photos of the original townhouse concept provided for reference.) (38396103)

Property Summary

Property Type
Vacant Land
Building Type
Other
Neighbourhood Name
City of Vernon
Title
Freehold
Land Size
0.49 ac|under 1 acre
Annual Property Taxes
$2,988.85
Time on REALTOR.ca
22 hours

Building

Building Features
Features
Level lot
Utilities
Utility Type
Cable (At Lot Line), Electricity (At Lot Line), Natural Gas (At Lot Line), Telephone (At Lot Line), Sewer (Available), Water (At Lot Line)
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area, Pets Allowed, Rentals Allowed
Amenities Nearby
Public Transit, Recreation

Land

Lot Features
Landscape Features
Level
Road Type
Gravel road
Other Property Information
Zoning Type
Multi-Family
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6

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