Prime Development Site in Downtown Vernon Opportunity to acquire a 0.528-acre (approx. 23,008 sq.ft.) land assembly in the heart of Vernon, BC. This offering includes 4 lots across 5 PIDs at 3414 & 3406 27th Ave, 2602 34A Ave, and 3401 26th Ave. Ideally located near 25th Ave, the site is walkable to shops, restaurants, and services. Zoned Mixed Commercial with an OCP designation of High Density Residential, the flat, corner-lot site allows for substantial development potential with a 5.0 FAR and up to 16 storeys. Plans available for a 5-storey, 76-unit apartment building with surface parking and rooftop amenity. Additional highlights: Clean Phase 1 Environmental, Holding income from rentals and parking, Minutes to Highway 97, Polson Park, Vernon Jubilee Hospital, and Okanagan College, 30 mins to Kelowna International Airport, An excellent investment and development prospect in one of the Okanagan’s fastest-growing urban hubs. (id:2493)
Data was last updated May 14, 2025 at 11:15 AM (UTC)
Area Statistics
Listings on market:
85
Avg list price:
$469,000
Min list price:
$155,900
Max list price:
$1,950,000
Avg days on market:
33
Min days on market:
1
Max days on market:
342
Avg price per sq.ft.:
$531.75
These statistics are generated based on the current listing's property type
and located in
City of Vernon. Average values are
derived using median calculations.
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