$2,395,000 Sale

Listed 48 days ago

5973 Pleasant Valley Road

MLS® 10398705 Residential Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · -

Est. mortgage

$9,086/mo

Key Facts

Key facts for 5973 Pleasant Valley Road

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

10398705

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

DEVELOPER ALERT! Rare development opportunity in the Swan Lake area. OCP-designated for Future Residential, this property offers strong potential for medium-density townhomes/row housing, with possible single-family subdivision or bare land strata (subject to approval; buyer to verify with applicabl...e authorities). Draft OCP approval for higher-density zoning is pending. NOT IN THE ALR, a rare find. Historically an orchard, now a working hay field, offering holding income while you navigate development. Potential for land assembly with the neighboring parcel for approx. 5 acres total. The North Okanagan Water Recovery Project (NOWRP) is under construction, bringing community sewer to Swan Lake, commissioning fall 2027, fully operational by early 2028. This $49.6M project is a major investment in regional infrastructure and future housing. 2-min walk to Walmart via fenced path, 3 min to major shopping, 10 min to downtown Vernon. The home offers immediate rental value, in excellent condition and rentable as-is. Two fireplaces (electric upstairs, working; cast iron downstairs, not used/not certified). Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink. Sellers open to month-to-month rent-back for flexibility during your development process. Land with future upside, generating rental income today. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Exterior

Acreage

2.49 ac|1 - 5 acres

Parking Spaces

Garage Spaces Y/N

Acreage

2.49 ac|1 - 5 acres

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Commercial

Subtype

Residential Commercial Mix

Sewers

See remarks

Water Supply

Municipal water

Home Type

Commercial

Subtype

Residential Commercial Mix

Sewers

See remarks

Water Supply

Municipal water

Community

North BX

Area Code

Vernon

Community

North BX

Area Code

Vernon

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Nick Lutsenko

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