5565 Okanagan Landing Road Vernon, British Columbia V1T 7A6
$1,150,000
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. (id:36541)
Property Details
| MLS® Number | 10395031 |
| Property Type | Single Family |
| Neigbourhood | Okanagan Landing |
Building
| Bathroom Total | 1 |
| Bedrooms Total | 3 |
| Architectural Style | Bungalow |
| Constructed Date | 1964 |
| Construction Style Attachment | Detached |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1630 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Septic Tank |
| Size Irregular | 0.55 |
| Size Total | 0.55 Ac|under 1 Acre |
| Size Total Text | 0.55 Ac|under 1 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Unfinished Room | 24' x 13' | ||
| Lower Level | Bedroom | 24' x 12' | ||
| Lower Level | Bedroom | 12' x 9' | ||
| Main Level | Laundry Room | 7' x 5' | ||
| Main Level | Primary Bedroom | 12' x 11' | ||
| Main Level | Full Bathroom | Measurements not available | ||
| Main Level | Dining Room | 14' x 12' | ||
| Main Level | Living Room | 23' x 12' | ||
| Main Level | Kitchen | 12' x 8' |
https://www.realtor.ca/real-estate/30061319/5565-okanagan-landing-road-vernon-okanagan-landing
Interested?
Contact us for more information
102-2901 32 St
Vernon, British Columbia V1T 5M2
(250) 549-2103
(250) 549-2106
https://thebchomes.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 22 2026 03:52:44
Okanagan-Mainline Real Estate Board
Coldwell Banker Executives Realty