3802 32 Avenue, Vernon, British Columbia V1T 2N3

Listed for:
$449,900
1 beds
1 baths
Listed 14 days ago
House for rent: 3802 32 Avenue, Vernon, British Columbia V1T 2N3

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About

An exceptional opportunity for developers, builders, and forward-thinking investors. A strategically located property in the heart of Vernon, 3802 32nd Avenue is zoned MUS (Multi-Unit Small Scale), with recently updated roads, sidewalks, alley way & services at lot line it offers tremendous redevelopment potential in one of the City's evolving growth corridors. Whether you're ready to build immediately or looking to secure a high-upside land holding, this property provides flexibility and 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. Buyers are encouraged to explore opportunities under the CMHC MLI Select financing program, which may offer attractive financing options for qualifying purpose-built rental developments. 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. Whether your vision is a purpose-built rental project, multi-family development, or a strategic land investment, 3802 32nd Avenue offers the location, zoning, and long-term potential to make your next project a success. (id:27476)

Property Highlights

MLS® Number
10393527
Type
Single Family
Ownership Type
Freehold
Land Size
0.22 ac|under 1 acre
Parking Space Total
1

Building

Building Type
House
Storeys
1.00
Square Footage
696 sqft
Bathrooms Total
1
Bedrooms Total
1
Exterior Finish
Wood
Fireplace Present
Yes
Basement Type
Full
Basement Features
Building Heating Type
Baseboard heaters
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Room Layout

Other
Main level
8' x 7'8''
Foyer
Main level
5'6'' x 4'
Laundry room
Main level
6' x 5'6''
Primary Bedroom
Main level
10'8'' x 9'
4pc Bathroom
Main level
9' x 7'
Living room
Main level
14' x 12'
Dining room
Main level
6' x 6'
Kitchen
Main level
14' x 7'

Location

Learn more about this property
Listing provided by:
RE/MAX Vernon
MLS® number:
10393527
Agent:
John Kristian
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Street Spotlight - For sale