4702 20 Street new Save Request In-Person Tour Request Virtual Tour
Vernon,BC V1T4E5
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,746 sqft
Price per Sqft $617
Subdivision Harwood
MLS Listing ID 10367263
Bedrooms 6
Year Built 1944
Lot Size 0.830 Acres
Property Sub-Type Freehold
Property Description
Prime Redevelopment & Investment Opportunity! Discover the exceptional potential of this expansive 0.83-acre property located in one of the area's most sought-after, high-growth neighborhoods. Zoned MSH (Medium Scale Housing), this property is perfectly positioned for multi-family development, townhomes, row housing, fourplex or sixplex builds (buyer to verify), making it an ideal investment for builders, developers, and long-term strategic investors. The property currently features a well-maintained 6-bedroom, 3-bathroom home with numerous updates, move-in ready, and generating immediate rental income. Five rooms are presently rented month-to-month, providing a steady cash flow while you navigate planning, design, zoning, and development approvals. An accessory outbuilding offers storage and functionality for contractors, hobbyists, or equipment, and there is ample parking for RVs, boats, and recreational vehicles. This generational investment is set in a walkable, family-friendly area, just minutes to shopping centers, schools, transit routes, parks, and recreation. This redevelopment parcel availability is a rare opportunity to secure a high-value land holding with future appreciation upside. Whether you choose to redevelop now, phase construction, or hold for long-term capital growth, this property delivers extraordinary versatility and lasting value. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 2.0
Interior
Heating Forced air,See remarks
Cooling Central air conditioning
Flooring Carpeted,Vinyl
Fireplaces Number 1
Fireplaces Type Unknown
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
Fence Fence
Community Features Family Oriented
View Y/N No
Roof Type Unknown
Building
Lot Description Landscaped,Level,Underground sprinkler
Story 2
Sewer Municipal sewage system
Others
Virtual Tour https://my.matterport.com/show/?m=MPvQmZfKapA