Acreage
$2,395,000
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:63250)
Property Details
|
MLS® Number
|
10398705 |
|
Property Type
|
Other |
|
Neigbourhood
|
North BX |
Building
|
Type
|
Residential Commercial Mix |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
Yes |
|
Current Use
|
Mixed Use |
|
Sewer
|
See Remarks |
|
Size Frontage
|
280 Ft |
|
Size Irregular
|
2.49 |
|
Size Total
|
2.49 Ac|1 - 5 Acres |
|
Size Total Text
|
2.49 Ac|1 - 5 Acres |
Utilities
|
Electricity
|
Available |
|
Natural Gas
|
Available |
|
Telephone
|
Available |
