For Sale: 5565 Okanagan Landing Road, Vernon, BC - REW
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$1,150,000
3 bd • 1 ba • 1630 sf • House
5565 Okanagan Landing Road
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$1,150,000
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5565 Okanagan Landing RoadVernon, BC, V1T 7A6

  • 3 Bed
  • 1 Bath
  • 1630 Sqft
  • House

About this home

Outstanding investment and redevelopment opportunity on approximately 0.55 acres with Medium Scale Housing zoning, offering excellent potential for a 32-unit apartment development (buyer to verify development plans with the City of Vernon).The property includes a well-maintained 3-bedroom home currently rented for $2,600 per month to clean, reliable tenants, providing immediate cash flow while development plans are finalized. This is an ideal holding property for developers and investors looking to generate income throughout the planning process. Strategically located on Okanagan Landing Road, the property is just minutes from Okanagan Lake, schools, parks, shopping, public transit, and downtown Vernon. Positioned within one of Vernon's fastest-growing areas, this site benefits from strong demand for higher-density housing and excellent access to amenities. Whether you're an experienced developer or an investor seeking a high-potential land holding, this property offers an exceptional opportunity to secure a Medium Scale Housing development site with existing rental income in a highly desirable location. (id:63626)
Listed by: Graeme Magee, Coldwell Banker Executives Realty

Home facts and features

Price details
List Price
$1,150,000
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Gross Taxes for 2026
$3,750
Home facts
Bedrooms
3
Full Bathrooms
1
Property Type
House
Lot Size
23958 ft²
Depth
Year Built
Built in 1964 (62 yrs old)
Title
Freehold
Style
Bungalow
Heating Type
Forced air
Agent details
Primary Agent
Primary Broker
Coldwell Banker Executives Realty
Listing details
Days on REW
3 Days
MLS® Number
10395031
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Ellison Elementary School
  • Public
  • K - 7
Clarence Fulton Secondary School
  • Public
  • 8 - 12
Mission Hill Elementary School
  • Public
  • K - 7
Okanagan Landing School
  • Public
  • Pre-K - 7
Alexis Park School
  • Public
  • Pre-K - 7
St James School
  • Independent
  • K - 7
Beairsto Elementary School
  • Public
  • 1 - 7
W L Seaton Secondary School
  • Public
  • 8 - 12
Vernon Secondary School
  • Public
  • 8 - 12
Harwood School
  • Public
  • Pre-K - 7
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Graeme Magee
Phone:
(250) 306-6690
Office:
250-549-2103
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