6699 Scott Road, Vernon
INCOME TODAY. DEVELOPMENT POTENTIAL TOMORROW. 6699 Scott Road offers a unique opportunity to secure a cash-flowing property with future upside in one of Vernon's growing neighbourhoods. Situated on a 0.32-acre (1,295 m²) lot and currently generating approximately $75,338 per year in gross rental income, the property provides immediate income while future plans are explored. Zoned MUS (Multi-Unit Small Scale), the property supports a range of housing options and may offer redevelopment potential, subject to City of Vernon approvals. Preliminary analysis suggests the possibility of approximately 6–7 units based on current density allowances, with buyers encouraged to complete their own due diligence regarding zoning, servicing, and development feasibility. Located less than 1 km from Kin Beach and close to Okanagan Landing amenities, schools, parks, and transit, the property benefits from a desirable location for both current tenants and future residents. Investor package including rent roll, pro forma, zoning summary, and available servicing information available upon request. (id:62865)
Status
Active
Year Built
1975
Property Type
House
Ownership
Freehold
Parking Spaces
1
Annual Tax
$4,377
Parcel Number
005-386-411
Data Source
Association of Interior REALTORS®
Bedrooms
6
Bathrooms
3
Living Area
2590 square feet
Architectural Style
Ranch
Flooring
Fireplace Features
Appliances
Lot Size
0.32 acres
Exterior Features
Roof
Asphalt shingle,Unknown
Heating
Forced air, See remarks
Water Source
Municipal water
Sewer
Municipal sewage system
$949,000
Office
Oakwyn Realty Okanagan
Loan Amount:
$759,200
Estimated Monthly Payment:
$3,700
This is an estimate for informational purposes only. Consult with a financial advisor.
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