A rare and exciting development opportunity in a prime location! This lot offers incredible potential with zoning recently upgraded from RM1 (Row Housing Residential) to MUM (Multi-Unit: Medium Scale), allowing for greater density and up to 15 meters in height. Previously, preliminary plans were in place for a 3-storey, 6-unit row townhouse project, each offering 2,200 square feet, including a garage. With the new zoning, a condo building with ground-floor parking could now be considered, offering even more possibilities for future development. The Development Permit (DP) and Development Variance Permit (DVP) have expired, so a buyer will need to conduct due diligence with the City of Vernon to develop their own concept, but this is a fantastic investment opportunity with immense potential. Don’t miss out on the chance to develop in this rapidly evolving area. (Photos of the original townhouse concept provided for reference.) (id:4069)
Address
3708 25TH Avenue
List Price
$749,000
Property Type
Vacant Land
Type of Dwelling
Other
Area
British Columbia
Sub-Area
Vernon
Lot Size
0.49 Sq. Ft.
MLS® Number
10338341
Listing Brokerage
Coldwell Banker Executives Realty
Postal Code
V1T1P3
Site Influences
Public Transit, Recreation
Features
Level lot
