2003 37 Avenue

Rare re-development acquisition opportunity for just under half an acre of multi-unit zoned residential development land. One of the few redevelopment sites ever offered on the East Hill in Vernon. Excellent location, close to town, this rectangular 120 by 182-foot, 0.49-acre, 21,344 SF site with 117 ft of frontage comes improved with a 5,569 square foot, 2-storey, 8-suite, multifamily apartment building that produces good holding income with a suite mix of Five (5) 1-bedroom suites and three (3) studios. The new MUS - Multi-unit: Small Scale zoning allows for a range of small-scale housing development up to 3 Storeys in Height, including detached, attached, and multi-unit housing on lots under 4,050 square meters (1 acre) Zoning permits up to 24 Dwelling Units per acre which makes the site suitable for 12 Strata Title Units. Property not in Heritage Registry. Foundation is poured concrete encased rock, interior finishes include painted wood panel with wainscot/chair railed areas and a mix of carpet, vinyl, laminate, hardwood & tile flooring. Don't miss this rare opportunity. (id:58842)

Property Information

Property Type
Unknown
SqUARE FOOTAGE
5569
 sqft
Structure Type
Multi-Family
LAND SIZE
0.49 acres
Roof Type
Asphalt shingle
Lot
Private setting, Treed
SEWER Type
Municipal sewage system
Parking Spots
8
stories
1.5
Floor Type
Carpeted, Wood, Mixed Flooring

More Information

Security
Security system, Smoke Detector Only
View
City view, Mountain view
Parking
Carport, Rear
Exterior
Wood siding, Cedar Siding
Community
Family Oriented
Common inTEREST
Freehold
Listing Key
28280448
MLS ID
10346447
listing Office
listing Office key
279283
0
Beds
0
Baths
$
1800000

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Darcy Ricard

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