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5973 Pleasant Valley Road

North BX, Vernon, BC, V1B3L6

Listed by Oakwyn Realty Okanagan-Letnick Estates

$2,395,000

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Listed 57 days ago · MLS® 10398705

About this home

DEVELOPER ALERT! Rare development opportunity in the Swan Lake area. OCP-designated for Future Residential, this property offers strong potential for medium-density townhomes/row housing, with possible single-family subdivision or bare land strata (subject to approval; buyer to verify with applicable authorities). Draft OCP approval for higher-density zoning is pending. NOT IN THE ALR, a rare find. Historically an orchard, now a working hay field, offering holding income while you navigate development. Potential for land assembly with the neighboring parcel for approx. 5 acres total. The North Okanagan Water Recovery Project (NOWRP) is under construction, bringing community sewer to Swan Lake, commissioning fall 2027, fully operational by early 2028. This $49.6M project is a major investment in regional infrastructure and future housing. 2-min walk to Walmart via fenced path, 3 min to major shopping, 10 min to downtown Vernon. The home offers immediate rental value, in excellent condition and rentable as-is. Two fireplaces (electric upstairs, working; cast iron downstairs, not used/not certified). Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink. Sellers open to month-to-month rent-back for flexibility during your development process. Land with future upside, generating rental income today. (id:66966)

Details

Type
Other
Neighbourhood
North BX
Municipality
Vernon

Interior

Fireplace
No

Heating, cooling and services

Water and sewer
See remarks
Utilities
Natural Gas, Electricity, Telephone

Location

Location is approximate. See nearby homes on the map

Listed by Oakwyn Realty Okanagan-Letnick Estates.

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