519 Acres Adjacent to The Rise in Vernon, BC

Vacant Land for Sale
Catylist Listing ID: 30197624
Property Subtypes: Agricultural, Residential (Single Family), Other
Gross Land Area: 519 Acres
Sale Price: $7,995,000
Unit Price: $15,404 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/7/2018

Overview / Comments

In Vernon, BC. 519 acres of prime lakeview land within city limits. Grow GRAPES and CHERRIES here! This is a great area for agricultural use, as a holding format. Expansive views in all directions. Adjacent to The Rise Golf Course. There is not any opportunity to develop this property at present. 9.3 hectares of irrigation currently in place on subject properties. Additional irrigation may be purchased at the cost of $6,000 per hectare, plus required offsite costs to upgrade capacity. There is intensive residential development adjacent at The Rise, as well as further down the road at Canadian Lakeview and Adventure Bay likely indicating that residential development will likely occur at a future date.

Additional Details

Nearest CMA: Vernon
Regional District: North Okanagan
Parcel ID: 028-731-506; 009-360-816; 011-566-132
Zoning: A2
Legal Description: Full legal descriptions and PID for the 3 titles: Parcel 1: 028-731-506 Lot A, DL 295, ODYD, Plan KAP92567 Parcel 2: 009-360-816 That part of DL 56 shown on plan B3395, ODYD Parcel 3: 011-566-132 That part of DL 295 shown on Plan A920, ODYD said to contain 0.5 acres more or less except Plan KAP77612.
Largest Nearby Street: Bella Vista Road
Zoning Description: A2 - Agricultural
Topography: Rolling
Soil Type: Mixed


Photograph of Listing Agent

Don Kassa

RE/MAX - Vernon Commercial First Member
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