1811 31A Street Active Save Request In-Person Tour Request Virtual Tour
Vernon,BC V1T7A2
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision City Of Vernon
MLS Listing ID 10347162
Style Other
Bedrooms 1
Year Built 1957
Lot Size 2,178 Sqft
Property Sub-Type Freehold
Property Description
This property presents a prime redevelopment opportunity, featuring 10 existing rental units on a generous 92 x 225 ft lot. Zoned for Medium-Scale Housing, it supports 4–6 storey development and aligns with the Official Community Plan, requiring only a Development Permit for new construction. The city has expressed strong support for increased densification in the area, and reduced parking requirements make the site even more attractive for builders. Located on a quiet street just half a block from the hospital, the property is surrounded by established apartment blocks, further reinforcing its development potential. Additionally, there is significant land assembly potential, as three neighbouring homes are also available for sale—offering the possibility to nearly double the total land area. With existing rental income, favourable zoning, and municipal support, this is an exceptional opportunity for investors or developers seeking a mid-rise residential project in a growing urban neighbourhood. A full information package is available upon request. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 1.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Building
Story 1
Sewer Municipal sewage system