$1,100,000 Sale

Listed 83 days ago

5565 Okanagan Landing Road

MLS® 10395031 House

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Beds · 3

Baths · 1.0

Parking · 0

Sqft · 1630

Est. mortgage

$4,173/mo

Key Facts

Key facts for 5565 Okanagan Landing Road

Property Type

House, Bungalow

Parking

Garage: No, 0 parking

MLS #

10395031

Size

1630 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

1964

Maintenance Fee

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 curre...ntly 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. (id:10452)

Full Property Details

Interior

Bedrooms

Washrooms

1.0

Square Footage

1630 sqft

Heating Type

Forced air

Kitchens

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

1.0

Square Footage

1630 sqft

Heating Type

Forced air

Kitchens

Full Bathrooms

Half Bathrooms

Exterior

Acreage

0.55 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Acreage

0.55 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Building Description

Style

Bungalow

Home Type

House

Subtype

House

Year Built

1964

Sewers

Septic tank

Water Supply

Municipal water

Architectural Style

Bungalow

Style

Bungalow

Home Type

House

Subtype

House

Year Built

1964

Sewers

Septic tank

Water Supply

Municipal water

Architectural Style

Bungalow

Community

Okanagan Landing

Area Code

Vernon

Community

Okanagan Landing

Area Code

Vernon

Room Types

Bedroom

Dimensions 12' x 24'

288 sqft

Bedroom

Dimensions 9' x 12'

108 sqft

Dining room

Dimensions 12' x 14'

168 sqft

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Nick Lutsenko

Email: [email protected] Cell: 250-306-7011