5973 Pleasant Valley Road,Vernon, BC V1B3L6
Vernon, BC V1B3L6
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 applicable 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:13843)
Details
| MLS # | 10398705 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Days On Site | 66 |
| Listing Provided By | Oakwyn Realty Okanagan-Letnick Estates | JP Letnick |
Features
| Acreage | 2.49 |
|---|
Interior
| Fireplace Yes / No | No |
|---|
Utilities
| Utilities | Natural Gas, Electricity, Telephone |
|---|---|
| Sewer | See remarks |
| Water Source | Municipal water |
Area Information
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1B3L6 |
| Listing VS Median (in V1B3L6) | |
Price: $2,395,000 low | high Med: $2,395,000 On site: 66 low | high Med: 66 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1B3L6 |
| Listing VS Median (in V1B3L6) | |
Price: $2,395,000 low | high Med: $2,395,000 On site: 66 low | high Med: 66 | |
