Outstanding redevelopment opportunity in Vernon’s downtown-adjacent area. This property is zoned CMUB (Commercial Mixed Use: Business), allowing for a wide variety of uses including multi-unit housing, mixed-use residential, office, retail, food and beverage, health services, and more. Notably, the zoning permits Small Scale Multi-Unit Housing on lots under 1,000 m² in this area, providing added flexibility for residential development. With density up to 3.5 FAR and height permitted to 6 storeys, the site offers excellent potential for a medium-scale mixed-use or residential project. The existing structure, approximately 842 sq ft on the main level with 2 bedrooms, 1 bathroom, and a kitchen, is currently used as office space. A full unfinished basement (764 sq ft) provides additional storage, offering holding income or interim usability while development plans are advanced. Positioned in a high-visibility location close to Vernon’s downtown core, this property is ideally situated to take advantage of the city’s ongoing growth and revitalization. A rare chance to secure a commercially zoned site with strong development upside. Note: Business occupying the property is not for sale. (id:2493)
Data was last updated August 21, 2025 at 11:15 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$3,195,000
Min list price:
$99,900
Max list price:
$3,895,000
Avg days on market:
48
Min days on market:
3
Max days on market:
498
Avg price per sq.ft.:
$246.93
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. This data is not produced by the MLS® system.
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