3802 32 AVENUE, Vernon, British Columbia V1T2N3

An exceptional opportunity for First time Buyer's, Single adults, those looking to increase their Real Estate portfolio and forward-thinking investors. The home presents comfort character & charm with 9 ft ceilings and a large fully fenced .22 acre private city lot. A strategically located property in the heart of Vernon, 3802 32nd Avenue is zoned MSH (Medium Scale Housing), allowing for a mix or small, medium to large scale housing, with recently updated roads, sidewalks, alley way & services at lot line it offers tremendous redevelopment potential in one of the City's evolving growth areas. Whether you're looking to live in, ready to build or secure a high-upside land holding, this property provides flexibility & future value. The existing home can generate rental income while completing development planning. The zoning & development potential make it the perfect candidate for higher-density housing. The property offers the potential for a Floor Area Ratio (FAR) of up to 3.0, allowing for over 28,000 sq. ft. of buildable floor area. Located just minutes from downtown Vernon, shopping, schools, transit, parks, and everyday amenities, this is a rare opportunity to acquire a redevelopment site in a community experiencing significant residential growth & increasing demand for new housing. Live comfortably close to work and town, future development or holding value 3802 32 Ave has it!! (id:39198)

Inclusions: Washer, Refrigerator, Oven - Electric, Dryer