Don Rae Realtor


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  • 4702 20 Street Vernon V1T4E5

    Price : $1,695,000 Listing ID : 10367263
    Bedrooms Bathrooms
    Property Type : Single Family Building Type : House
    Title : Freehold Finished Area : 2746 sqft
    Built in : 1944 Total Parking Spaces : 6
    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:56537)

    Call (250)-864-7337 for showing information.
    Details
    Amenities Nearby : Golf Nearby, Public Transit, Park, Recreation, Schools, Shopping, Ski area Access : Easy access Appliances Inc : Refrigerator, Dishwasher, Dryer, Range - Electric, Range - Gas, Microwave, Washer
    Community Features : Family Oriented Features : Level lot, Central island, One Balcony Structures : -
    Total Parking Spaces : 6 View : - Waterfront : -
    Zoning Type : -
    Building
    Architecture Style : - Bathrooms (Partial) : 0 Cooling : Central air conditioning
    Fire Protection : - Fireplace Fuel : Gas Fireplace Type : Unknown
    Floor Space : - Flooring : Carpeted, Vinyl Foundation Type : -
    Heating Fuel : - Heating Type : Forced air, See remarks Roof Style : Unknown
    Roofing Material : Asphalt shingle Sewer : Municipal sewage system Utility Water : Municipal water
    Basement
    Type : Partial Development : - Features : -
    Land
    Landscape Features : Landscaped, Level, Underground sprinkler
    Rooms
    Level : Type : Dimensions :
    Basement 4pc Bathroom 7'0'' x 8'6''
    Bedroom 14'0'' x 10'1''
    Kitchen 16'7'' x 8'7''
    Laundry room 17'4'' x 5'8''
    Living room 14'0'' x 11'10''
    Storage 17'11'' x 6'0''
    Storage 6'10'' x 6'0''
    Utility room 7'5'' x 6'3''
    Main level 3pc Ensuite bath 8'1'' x 7'11''
    4pc Bathroom 9'4'' x 6'0''
    Bedroom 10'0'' x 11'5''
    Bedroom 8'11'' x 8'0''
    Dining room 15'9'' x 9'10''
    Foyer 8'9'' x 6'0''
    Kitchen 13'1'' x 17'6''
    Living room 15'9'' x 13'5''
    Primary Bedroom 11'6'' x 11'5''
    Second level Bedroom 13'5'' x 11'9''
    Bedroom 13'5'' x 23'8''
    Foyer 5'10'' x 14'9''
    Data from sources believed reliable but should not be relied upon without verification. All measurements are approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently under contract.