3414 27th Avenue
Vernon, British Columbia V1T1S3

Opportunity to purchase an exciting contiguous land assembly totaling 0.528 acres or approx. 23,008 sq.ft. in the heart of Vernon, BC. This offering includes 4-lots with 5 PID's and the following civic addresses: 3414 27th Ave, 3406 27th Ave, 2602 34A Ave, & 3401 26th Ave. Prime central location in downtown Vernon with easy access to 25th Avenue, and very walkable to nearby shopping, services, and restaurants. These properties offer a flat and level building site, and permit substantial density with an FAR of 5.0 and up to 16-storeys in height. 3 of 4 sides front onto 26th and 27th Avenues, providing flexible access and development options. All lots are currently zoned Mixed Commercial with OCP designation of High Density Residential. Current zoning is intended to encourage large scale commercial and mixed-use housing development to provide employment opportunities and housing in the city centre areas. The lots are not on a flood plain and have a clean environmental Phase 1. Holding income provided from the parking lot and rental houses. Located just off of Highway 97 near a major intersection, with close proximity to Polson Park, Vernon Jubilee Hospital, under 4 kms to Okanagan College Vernon Campus, and only a 30-minute drive to Kelowna International Airport. Plans available for a 5-storey apartment building with 40 surface parking stalls and a total of 76 units ranging from micro units to 1 bedrooms plus den, including a common area rooftop deck amenity. (37769026)