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 # | 10398660 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1976 |
| Days On Site | 64 |
| Listing Provided By | Oakwyn Realty Okanagan-Letnick Estates | JP Letnick |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,700 |
| Garage | 12 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 2.49 |
| Property View | Mountain view, Valley view, View ( |
Interior
| Cooling | Wall unit |
|---|---|
| Heating | See remarks, Hot Water |
| Fireplace Yes / No | Yes |
| Fireplace Features | Insert |
| Fireplaces Total | 1 |
Exterior
| Roof | Other, Unknown |
|---|
Parking
| Parking Features | Attached Garage |
|---|---|
| Parking Total | 12 |
Utilities
| Sewer | Septic tank, See remarks |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 1985 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1B3L6 |
| Listing VS Median (in V1B3L6) | |
Price: $2,395,000 low | high Med: $2,395,000 sqft: 2,700 low | high Med: 2,700 $ / sqft: $887 low | high Med: $887 On site: 64 low | high Med: 64 | |
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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 sqft: 2,700 low | high Med: 2,700 $ / sqft: $887 low | high Med: $887 On site: 64 low | high Med: 64 | |