5973 Pleasant Valley Road, Vernon, British Columbia V1B3L6
Listing courtesy of Oakwyn Realty Okanagan-Letnick Estates.
- $2,395,000
- 4
- BD
- 3
- BA
- 2,700
- SqFt
- List Price
- $2,395,000
- MLS®
- 10398660
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2,700
- Lot Size Dimensions
- 2.49
- Lot Size
- 108,464
- Subdivision
- North BX
Property 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:5764)
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Additional Information
- Ownership
- Freehold
- View
- Mountain view, Valley view, View (panoramic)
- Garage
- Yes
- Subdivision
- North BX
- Parking Spaces
- 12
- Fireplaces
- 1
- Cooling
- Wall unit
- Country
- Canada
- Flooring
- Laminate, Carpeted, Vinyl
- Sewer
- Septic tank, See remarks
- Roof
- Other, Unknown
- Heating
- See remarks, Hot Water
- Architectural Style
- Ranch
- Stories
- 2
- Lot Size
- 108,464
- Exterior Features
- Wood siding
