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3414 27th Avenue | $2,298,000
Rachelle Moulton Prec* Agent Photo
Rachelle
Moulton Prec*
C. (250) 808-4686
 P. (250) 469-9547
 Phone Rachelle rachellemoulton.ca
SOTHEBY'S INTERNATIONAL REALTY CANADA
104 - 3477 Lakeshore Rd
 Kelowna, BC
 Canada V1W 3S9

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Address 3414 27th Avenue
AreaNorth Okanagan
Sub AreaVC - City of Vernon
State/ProvinceBritish Columbia
CountryCanada
Price$2,298,000
Property TypeResidential Development
Lot Size0.53 Acres
WaterfrontNo
Taxes $11,221
Tax Year2024
MLS® #10324578

Opportunity to purchase an exciting contiguous land assembly totaling 0.528 acres or approx. 23,008 sq.ft. in the heart of Vernon, BC. This offering includes 4-lots with 5 PID's and the following civic addresses: 3414 27th Ave, 3406 27th Ave, 2602 34A Ave, & 3401 26th Ave. Prime central location in downtown Vernon with easy access to 25th Avenue, and very walkable to nearby shopping, services, and restaurants. These properties offer a flat and level building site, and permit substantial density with an FAR of 5.0 and up to 16-storeys in height. 3 of 4 sides front onto 26th and 27th Avenues, providing flexible access and development options. All lots are currently zoned Mixed Commercial with OCP designation of High Density Residential. Current zoning is intended to encourage large scale commercial and mixed-use housing development to provide employment opportunities and housing in the city centre areas. The lots are not on a flood plain and have a clean environmental Phase 1. Holding income provided from the parking lot and rental houses. Located just off of Highway 97 near a major intersection, with close proximity to Polson Park, Vernon Jubilee Hospital, under 4 kms to Okanagan College Vernon Campus, and only a 30-minute drive to Kelowna International Airport. Plans available for a 5-storey apartment building with 40 surface parking stalls and a total of 76 units ranging from micro units to 1 bedrooms plus den, including a common area rooftop deck amenity.

Listed by UNISON HM COMMERCIAL REALTY

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