4309 22 Street Vernon, British Columbia V1T4J3

$776,000

1697 sqft
5 Bed
2 Bath
MLS# 10308397

Description

Attention developers and builders! Here's your chance to capitalize on an exceptional opportunity with this 7200 square foot lot boasting R3 zoning. Nestled in a sought-after neighborhood, this property presents a lucrative investment prospect with immense potential for redevelopment. Zoning allows for the construction of 3 units, providing a solid foundation for development opportunities. Stay ahead of the curve with the possibility of more units when the new BC Government regulations come into effect, maximizing the return on your investment. Situated in a prime location, this property offers easy access and walking distance to amenities, transportation & schools, making it an attractive choice for prospective homeowners or tenants. The existing 1955 home, though in need of updating, offers a solid structure with 5 bedrooms and 2 bathrooms. While the value lies primarily in the land for redevelopment, the current home presents a potential revenue stream during the planning and permitting stages. Enhancing the property is a detached garage with a workshop area, or as a garden shed. Enjoy the charm of raised gardens in the backyard, providing a tranquil retreat or potential green space for future residents. Unlock the full potential of this property and capitalize on the burgeoning demand for housing in this desirable area. Whether you're looking to build multi-family units or explore alternative development options, this is a rare opportunity not to be missed, as is where is (id:6770)

Overview

  • Price $776,000
  • MLS # 10308397
  • Age 1955
  • Stories 2
  • Size 1697 sqft
  • Bedrooms 5
  • Bathrooms 2
  • Detached Garage: 1
  • Exterior Stucco, Wood
  • Cooling Central Air Conditioning
  • Water Municipal water
  • Sewer Municipal sewage system
  • Flooring Mixed Flooring
  • Listing Office RE/MAX Vernon Salt Fowler
  • Fencing Fence
  • Landscape Features Landscaped, Level

Room Information

  • Basement
  • 3pc Bathroom 7'2'' x 12'9''
  • Recreation room 21'4'' x 12'7''
  • Storage 10'6'' x 12'9''
  • Laundry room 13'11'' x 12'2''
  • Bedroom 11'11'' x 12'2''
  • Main level
  • 4pc Bathroom 9'7'' x 7'2''
  • Bedroom 8'3'' x 10'10''
  • Bedroom 9'5'' x 8'7''
  • Primary Bedroom 11'3'' x 12'2''
  • Dining room 12'1'' x 12'11''
  • Kitchen 14'9'' x 12'11''
  • Living room 17'7'' x 13'7''

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