DEVELOPER ALERT! Rare development opportunity in the Swan Lake area. OCP-designated for Future Residential, this property offers strong potential for medium-density townhomes/row housing, with possible single-family subdivision or bare land strata (subject to approval; buyer to verify with applicable authorities). Draft OCP approval for higher-density zoning is pending. NOT IN THE ALR, a rare find. Historically an orchard, now a working hay field, offering holding income while you navigate development. Potential for land assembly with the neighboring parcel for approx. 5 acres total. The North Okanagan Water Recovery Project (NOWRP) is under construction, bringing community sewer to Swan Lake, commissioning fall 2027, fully operational by early 2028. This $49.6M project is a major investment in regional infrastructure and future housing. 2-min walk to Walmart via fenced path, 3 min to major shopping, 10 min to downtown Vernon. The home offers immediate rental value, in excellent condition and rentable as-is. Two fireplaces (electric upstairs, working; cast iron downstairs, not used/not certified). Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink. Sellers open to month-to-month rent-back for flexibility during your development process. Land with future upside, generating rental income today. (id:4069)
Address
5973 Pleasant Valley Road
List Price
$2,395,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Ranch
Transaction Type
Sale
Area
British Columbia
Sub-Area
Vernon
Bedrooms
4
Bathrooms
3
Half Bathrooms
1
Floor Area
2,700 Sq. Ft.
Lot Size
2.49 Sq. Ft.
Frontage Length
280 ft
Year Built
1976
MLS® Number
10398660
Listing Brokerage
Oakwyn Realty Okanagan-Letnick Estates
Basement Area
Full
Postal Code
V1B3L6
Ownership
Freehold
Parking Places (Total)
12
Site Influences
View
Heat Type
Hot Water, See remarks
Cooling Features
Wall unit
Fireplace
Yes
Number of Fireplaces
1
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
See remarks, Septic tank
