Lakeview Duplex Development Site

Vacant Land for Sale
Catylist Listing ID: 30183364
Property Subtypes: Multi-Family
Gross Land Area: 1.40 Acres
Sale Price: $539,000
Unit Price: $385,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2018

Overview / Comments

In the City of Vernon at Canadian Lakeview Estates overlooking Okanagan Lake. This is a 1.4 acre parcel zoned R5 to build townhomes. Wonderful lakeviews with just enough slope on the site to get views for all the units to be built. Services nearby, access to the Beach Club and boat launch. Water and sewer available at a cost of $6,000 per unit for water, $7,000 per unit for sewer. There is a pre plan prepared showing possible townhome placement. Preliminary investigations indicate 12 units, made up of six duplex's, can be built there. Subject to your own investigations.

Additional Details

Nearest CMA: Vernon
Regional District: North Okanagan
Parcel ID: 027-281-558
Zoning: R5
Legal Description: Lot B District Lot 297 ODYD Plan KAP85198
Topography: Gently Sloping


Contact

Photograph of Listing Agent

Don Kassa

RE/MAX - Vernon Commercial First Member
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