Don Rae Realtor


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  • 3708 25 Avenue Vernon V1T1P3

    Price : $550,000 Listing ID : 10374066
    Bedrooms Bathrooms
    Property Type : Single Family Building Type : House
    Title : Freehold Finished Area : 2962 sqft
    Built in : 1930 Total Parking Spaces : 4
    (Holding property with redevelopment potential). This 0.29-acre rectangular lot—measuring 74.88 feet wide by 170 feet deep (12,831 sq. ft.)—offers exceptional redevelopment potential following a recent rezoning to MUM (Multi-Unit: Medium Scale). The new zoning permits increased density and building heights up to 15 meters, significantly enhancing the site’s development capacity. Previously, the property had preliminary plans for a 3-storey, 6-unit row townhouse project, with each unit designed at approximately 2,200 sq. ft. including a garage. Situated in a rapidly evolving neighborhood. Concept images of the original townhouse design are available upon request. Additionally, assembly with the neighboring property creates the potential for a 54–72 unit apartment development, substantially increasing overall project scale and value. Acquiring both parcels together represents a significant value-add opportunity for developers and investors. (The interior needs a substantial update, the exterior appears to be in reasonable condition). Renovation potential, rental potential, value-add opportunity, ready for your vision. (id:56537)

    Call (250)-864-7337 for showing information.
    Details
    Amenities Nearby : Public Transit, Recreation Access : Highway access Appliances Inc : -
    Community Features : High Traffic Area, Rural Setting, Pets Allowed, Rentals Allowed Features : - Structures : -
    Total Parking Spaces : 4 View : - Waterfront : -
    Zoning Type : -
    Building
    Architecture Style : - Bathrooms (Partial) : 1 Cooling : -
    Fire Protection : - Fireplace Fuel : - Fireplace Type : -
    Floor Space : - Flooring : - 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 : Full Development : - Features : -
    Land
    Landscape Features : -
    Rooms
    Level : Type : Dimensions :
    Basement Unfinished Room 38'8'' x 28'7''
    Main level Bedroom 13'1'' x 13'10''
    Dining room 15'4'' x 7'4''
    Foyer 5'5'' x 15'6''
    Foyer 8'9'' x 3'1''
    Full bathroom 7'3'' x 9'3''
    Kitchen 10'9'' x 15'7''
    Living room 15'6'' x 16'7''
    Living room 16'7'' x 15'6''
    Other 21'7'' x 18'7''
    Partial bathroom 9'3'' x 7'3''
    Primary Bedroom 15'5'' x 13'1''
    Second level Bedroom 10'1'' x 10'1''
    Bedroom 10'1'' x 13'4''
    Foyer 10'1'' x 8'1''
    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.