3406 27 Avenue, Vernon
Four properties assembled in Downtown Vernon offering a combined 23,008 SF development site with three road frontages. Strategically positioned within the Downtown Urban Centre, the property is zoned CMUC – Commercial Mixed Use Centre , allowing for a wide range of Large-scale commercial, residential, and mixed-use developments up to 16 storeys in height. Vernon has experienced significant growth in recent years, further supported by the City’s adoption of a new Official Community Plan in 2025, encouraging higher-density residential and mixed-use development in the downtown core. The CMUB zoning is designed to support employment opportunities, retail, entertainment, services, and housing within the City Centre. The site is ideally located near local businesses, offices, retail amenities, Highway 97, and the hospital, providing excellent accessibility and long-term redevelopment potential. Developers may also benefit from the City of Vernon’s revitalization tax exemption program, helping reduce overall development costs. All 4 properties must be sold together:3417 27 Avenue,2602 34A Street,3401 26 Avenue,3406 27 Avenue .Call or Text Anne Murphy at 2505424443 for showing and information. Two of the existing houses are currently tenanted, generating a combined rental income of approximately $3,100 per month. (id:62865)
Status
Active
Year Built
1910
Property Type
House
Ownership
Freehold
Annual Tax
$27,101
Parcel Number
012-397-318
Data Source
Association of Interior REALTORS®
Bedrooms
2
Bathrooms
1
Living Area
845 square feet
Architectural Style
Bungalow
Flooring
Lot Size
0.1 acres
Exterior Features
Heating
No heat
Water Source
Municipal water
Sewer
Municipal sewage system
Utilities
$400,000
Office
Royal LePage Downtown Realty
Loan Amount:
$320,000
Estimated Monthly Payment:
$1,559
This is an estimate for informational purposes only. Consult with a financial advisor.
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